AI Transparency Report
The Joseph Smith Jr And Emma Hale Smith Historical Society appears to be a very small organization with limited financial activity. Its latest reported revenue is only $6,948, and assets stand at $8,981. Over the past several years, the organization has consistently spent more than it has brought in, leading to a significant decline in assets from a high of $84,230 in 2011 to $8,981 in 2018. For example, in 2018, revenue was $4,060 while expenses were $14,653, resulting in a deficit of over $10,000. This trend of operating at a deficit is a major concern for long-term financial sustainability.
The organization's financial health is precarious given its consistent operating deficits and shrinking asset base. While the provided data does not detail spending efficiency by program, administration, or fundraising, the overall financial picture suggests a struggle to maintain operations. The lack of officer compensation reported across all filings indicates that leadership is likely volunteer-based, which can be a positive for minimizing administrative costs, but doesn't offset the overall financial imbalance.
Transparency appears to be adequate in terms of filing IRS Form 990s, with 8 filings available. However, the small scale of the organization and its financial struggles raise questions about its capacity to achieve its mission effectively. The consistent decline in financial resources suggests a need for a significant change in fundraising strategy or operational scope to ensure its continued existence.