AI Transparency Report
Linked Together, based in Newmarket, NH, demonstrates a concerning trend of operating deficits in recent years, with expenses consistently exceeding revenue. For instance, in fiscal year 2023, the organization reported revenue of $156,555 against expenses of $184,099, resulting in a deficit of $27,544. This pattern is also evident in 2022 ($109,151 revenue vs. $177,758 expenses) and 2021 ($31,189 revenue vs. $141,926 expenses), indicating a potential reliance on drawing down assets or inconsistent funding.
While the organization's assets have remained substantial, at $505,668 currently, they have been steadily declining from a peak of $761,988 in 2020. This decline, coupled with persistent operating deficits, raises questions about the long-term financial sustainability if revenue generation does not improve to cover expenses. The consistent reporting of 0% officer compensation across all filings is a positive indicator of efficient use of funds at the executive level, suggesting that resources are not being diverted to high salaries.
However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The overall financial health appears to be under pressure due to the recurring deficits, despite the current asset base providing some buffer. Improved revenue stability and a clearer expense allocation would enhance transparency and provide a more robust picture of financial management.