AI Transparency Report
Hubbard House Foundation Inc. demonstrates a mixed financial picture with significant fluctuations in revenue over the past few years. While the organization reported a positive revenue of $1,040,772 in 2023 and $2,243,716 in 2021, there was a notable negative revenue of $-1,021,765 in 2022. Despite these revenue swings, the foundation consistently maintains substantial assets, reaching $9,230,498 in its latest filing and $8,405,541 in 2023, indicating a strong financial base. The organization's expenses have remained relatively stable, generally ranging between $400,000 and $500,000 annually, with a peak of $689,256 in 2016. This stability in expenses, coupled with fluctuating revenue, suggests a need for careful financial management to ensure long-term sustainability.
Spending efficiency appears to be strong, as the organization consistently reports 0% officer compensation across all available filings, indicating that all funds are directed towards programs and operational costs rather than executive salaries. This commitment to minimizing administrative overhead is a significant positive. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent growth in assets, from $7,016,468 in 2016 to $9,230,498 currently, suggests effective asset management and potentially strong investment returns or significant non-cash contributions.
Transparency is generally good given the availability of 13 years of IRS 990 filings. The consistent reporting of 0% officer compensation is a clear indicator of financial transparency regarding executive pay. However, the lack of specific program, administrative, and fundraising expense breakdowns in the provided data limits a deeper analysis of how funds are allocated. Further details on these categories would enhance the organization's transparency and allow for a more granular assessment of its spending priorities.