AI Transparency Report
Open Space Alliance For North Brooklyn Inc has demonstrated fluctuating financial health over the past decade, with recent years showing expenses exceeding revenue. For instance, in 2023, expenses were $1,117,980 against revenues of $1,028,107, and in 2022, expenses were $784,684 against revenues of $718,735. This trend of operating at a deficit could indicate reliance on prior reserves or other funding sources not immediately apparent in the revenue figures. The organization's assets have also shown significant fluctuation, from a high of $263,018 in 2018 to a low of $87,457 in 2022, before recovering slightly to $110,246 in 2023. Liabilities have also been substantial in some periods, notably $523,099 in 2018 and $520,912 in 2019, which could pose a risk to long-term stability if not managed effectively.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The organization's NTEE code C50 (Parks and Playgrounds) suggests a clear program focus. The lack of officer compensation also contributes positively to transparency, as it indicates that a significant portion of funds is not being diverted to high executive salaries. However, the overall financial picture suggests a need for closer monitoring of revenue generation and expense management to ensure sustainable operations.
While the organization appears to be transparent about executive compensation, a more detailed breakdown of functional expenses in future filings would enhance the ability to assess spending efficiency more thoroughly. The consistent deficits in recent years, coupled with fluctuating asset and liability levels, warrant careful consideration for potential donors and stakeholders.