AI Transparency Report
Lexington Center For Recovery Inc demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating a stable and expanding organization. In the latest filing (202312), the organization reported revenues of $33,072,681 against expenses of $29,457,456, resulting in a surplus. This surplus contributes to the growth in assets, which reached $26,203,419 in 2023, a significant increase from $2,749,200 in 2014. The organization's liabilities have also increased, reaching $14,741,544 in 2023, which is a notable portion of its assets, suggesting potential debt or operational obligations.
The financial health appears robust with consistent revenue growth and asset accumulation. However, the absence of reported officer compensation across all filings is unusual for an organization of this size and could raise questions regarding transparency in executive remuneration, or it might indicate that officers are compensated through other means not captured in this specific field, or that the organization's structure does not involve compensated officers in the traditional sense. Further investigation into the detailed compensation schedules would be necessary to fully assess this aspect.
Spending efficiency, based on the provided data, shows that expenses generally track closely with revenue, indicating that most of the income is being utilized for operations and programs. The consistent surpluses suggest effective financial management, allowing for reinvestment and growth. The significant increase in assets, particularly between 2021 and 2022 (from $8,993,538 to $25,263,524), warrants closer examination to understand the nature of these asset acquisitions and their impact on the organization's mission.