AI Transparency Report
The Kosciuszko Foundation Inc demonstrates a generally healthy financial position with consistent asset growth over the past decade, reaching $50,256,441 in 2023. The organization has consistently reported positive net income in most recent years, with revenue exceeding expenses, such as in 2023 where revenue was $4,310,567 against expenses of $4,002,766. This indicates sound financial management and an ability to build reserves. The organization's liabilities are consistently low relative to its assets, suggesting a strong balance sheet and minimal financial risk.
Spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, given the consistent positive net income and the nature of a foundation. While a detailed functional expense breakdown is not provided in the summary data, the overall financial health suggests that the organization is effectively managing its resources. The absence of reported officer compensation across all filings is a notable aspect of its financial structure, potentially indicating a volunteer-led executive team or compensation being reported under other categories, which would warrant further investigation for full transparency.
In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is a positive indicator. However, the lack of reported officer compensation in the provided data summary could be a point for deeper inquiry to understand the full picture of executive remuneration. Overall, the foundation appears to be a financially stable entity with a good track record of asset accumulation and responsible expense management.