AI Transparency Report
The Marguerite Foundation demonstrates a generally stable financial position with significant assets relative to its annual revenue and expenses. In 2023, the organization reported revenue of $667,383 against expenses of $140,286, indicating a substantial surplus for the year. However, revenue has been highly volatile, fluctuating from a low of $40,312 in 2022 to the high in 2023. Despite these fluctuations, the foundation consistently maintains a strong asset base, with $3,437,169 in assets in 2023, far exceeding its liabilities, which were only $5,400 in the same period. This suggests a conservative financial management approach and a strong capacity to meet its obligations.
The organization's spending efficiency appears robust, particularly in 2023 where expenses were significantly lower than revenue. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the overall low expense figures relative to assets and, in some years, revenue, suggest that a substantial portion of its resources are either being retained or directed towards its mission. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donor confidence. The foundation's consistent filing of IRS 990s over a decade also points to a good level of transparency in its financial reporting.