No red flags identified.
AI Transparency Report
Ledwith Lewis Free Clinic demonstrates strong financial health and efficient spending, particularly in recent years. The organization has shown consistent revenue growth, increasing from $338,398 in 2019 to $611,243 in 2023, indicating growing support for its mission. Expenses have also increased, but at a slower rate than revenue, leading to healthy surpluses. For instance, in 2023, revenue was $611,243 against expenses of $385,997, resulting in a significant surplus that contributed to asset growth. The clinic's assets have steadily grown from $268,820 in 2019 to $854,259 in 2023, reflecting sound financial management and reinvestment into its operations.
The organization's spending efficiency appears high, with a notable trend of expenses being considerably lower than revenue in recent periods. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial picture suggests a well-managed operation. The absence of officer compensation further indicates that resources are likely directed towards direct services. The clinic's liabilities are consistently low, demonstrating a strong balance sheet and minimal financial risk.
Transparency is generally good, with a consistent history of 13 IRS 990 filings. The consistent growth in assets and revenue, coupled with low liabilities and no reported officer compensation, paints a picture of a financially responsible and mission-focused organization. The significant revenue spikes in 2015 and 2016 (e.g., $8,506,830 in 2016) followed by a return to lower levels suggest potential one-time grants or capital campaigns during those years, which were managed effectively without accumulating significant debt.