AI Transparency Report
The Institute For Broadening Participation demonstrates a generally stable financial position, with assets consistently exceeding liabilities across its recent filings. For instance, in 2023, assets were $168,622 with $0 liabilities, indicating strong solvency. The organization has shown consistent revenue generation, averaging around $180,000-$200,000 in the last four years, a significant decrease from its peak revenue years of 2014-2015 when it reported over $1 million. This suggests a shift in operational scale or funding model. Spending efficiency appears reasonable, with expenses generally tracking revenue, preventing significant deficits or surpluses in recent years. For example, in 2023, expenses were $183,443 against $203,434 in revenue, showing a healthy margin.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, providing a comprehensive historical view. A notable positive is the consistent reporting of 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which can be a strong indicator of program focus and efficient use of funds. The absence of liabilities in the most recent filings (2022 and 2023) further strengthens its financial health and transparency regarding its obligations.
While the organization's financial health appears sound on a smaller scale, the dramatic reduction in revenue from over $1 million in 2014-2015 to under $200,000 in recent years warrants attention. This could indicate a successful adaptation to a smaller operational model or a significant loss of funding. However, within its current operational scale, the Institute for Broadening Participation appears to manage its finances responsibly, maintaining a healthy asset base and demonstrating a commitment to program delivery without incurring executive compensation costs.