AI Transparency Report
Memphis Pride Inc. demonstrates a consistent operational history with revenues fluctuating over the past decade, peaking at $197,864 in 2023. The organization's financial health appears stable, with assets consistently exceeding liabilities, indicating no significant debt burden. For instance, in 2023, assets were $5,452 with $0 liabilities. However, the organization frequently operates at or near break-even, with expenses often closely matching revenue, as seen in 2023 where expenses were $199,686 against revenues of $197,864, resulting in a slight deficit. This pattern suggests a focus on immediate program delivery rather than significant asset accumulation.
Spending efficiency is a notable strength, as the filings consistently report 0% officer compensation, implying that leadership is unpaid, which can maximize funds available for programs. While a detailed functional expense breakdown (program, admin, fundraising) is not explicitly provided in the summary data, the absence of officer compensation strongly suggests a high proportion of funds are directed towards the mission. The organization's transparency is good, with a consistent filing history of 12 IRS 990 forms, allowing for public scrutiny of its financial activities. The relatively small asset base of $5,446 (latest) indicates that the organization is not building up large reserves but rather expending most of its income annually.