AI Transparency Report
Mending Wings demonstrates a consistent commitment to its mission, as evidenced by its program spending. In the most recent filing (202312), the organization reported expenses of $372,317 against revenues of $352,141, indicating a slight deficit for the year. Over the past two years (2022 and 2023), expenses have exceeded revenue, leading to a decrease in assets from $243,650 in 2021 to $167,676 in 2023. However, the organization has maintained a healthy asset base relative to its liabilities, which were minimal at $1,293 in 2023. The organization's transparency is strong, with 13 filings available, and a clear indication of no officer compensation reported across all available periods, suggesting resources are directed towards programs rather than executive salaries.
While the recent trend of expenses exceeding revenue warrants monitoring, Mending Wings has historically managed its finances effectively, with several years showing revenue exceeding expenses (e.g., 2021, 2020, 2018). The organization's NTEE code X20 (Religious Activities) suggests a focus on community and spiritual services. The absence of officer compensation is a significant positive indicator of financial stewardship and a strong commitment to directing funds to its charitable purpose. The organization's assets of $138,932 (latest reported) provide some financial cushion, though the recent decline in assets should be observed.
Overall, Mending Wings appears to be a financially responsible organization with a strong program focus and excellent transparency regarding executive compensation. The recent operating deficits are a point to watch, but the overall financial health, supported by a history of prudent management and no reported officer compensation, suggests a well-managed nonprofit.