AI Transparency Report
Magdalene House Of Charleston demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202312), the organization reported expenses of $134,354 against revenues of $116,160, indicating a deficit for the year. However, over the past five years, the organization has generally managed its finances well, with revenues often exceeding expenses, such as in 202212 where revenue was $148,502 and expenses were $102,832. The organization's assets have shown growth over time, reaching $203,595 in 202312, which provides a reasonable financial cushion relative to its operational scale.
The organization's transparency is strong, particularly regarding executive compensation, which has consistently been reported as 0%. This indicates a volunteer-led or very lean administrative structure at the top. While the specific breakdown of program, administrative, and fundraising expenses isn't explicitly detailed in the provided summary, the overall financial picture suggests a focus on direct services given the absence of officer compensation. The consistent filing of IRS Form 990s over 12 periods also points to good governance and adherence to reporting requirements.