AI Transparency Report
Humangood Idaho, despite its name, is located in Duarte, CA, and operates under NTEE code L22, which typically signifies a housing-related organization. The organization has shown consistent growth in revenue, increasing from $76,629 in 2015 to $23,678,197 in 2023. However, it has consistently reported expenses exceeding revenue, leading to annual deficits. For instance, in 2023, expenses were $24,418,559 against revenues of $23,678,197. This trend has contributed to a significant and growing liabilities burden, reaching $148,558,878 in 2023, far exceeding its assets of $93,465,911. The organization's financial health appears to be under strain due to this persistent operating deficit and high liabilities relative to assets.
The filings indicate 0% officer compensation across all reported periods, which suggests either that executive compensation is not reported under this category or that the organization relies heavily on non-compensated leadership or a different compensation structure. Without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to assess spending efficiency accurately. The consistent operating deficits and high liabilities raise concerns about long-term sustainability and financial management, despite the revenue growth.
Transparency regarding executive compensation is high, as 0% is reported. However, the lack of detailed functional expense breakdowns in the provided data limits a full assessment of spending efficiency. The significant and growing gap between assets and liabilities, with liabilities consistently exceeding assets by a substantial margin, is a major financial concern that warrants further investigation into the organization's funding model and debt management strategies.