Quick charity verification for Parents Alternative To Latchkey (EIN: 10447337)
Verdict: Parents Alternative To Latchkey appears trustworthy
75/100Mission Score
$383KRevenue
$74KAssets
1Red Flags
3Strengths
Red Flags
Deficit spending in 2020 ($94,154 expenses vs. $84,522 revenue)
Strengths
Significant revenue growth from $84,522 (2020) to $382,754 (latest)
Zero officer compensation reported in 2020, indicating efficient use of funds for mission
Substantial asset growth from $14,179 (2020) to $74,089 (latest)
AI Transparency Report
Parents Alternative To Latchkey (PATL) appears to be a small but growing organization based on its latest available financial data. In the 2020 fiscal period, the organization reported revenues of $84,522 against expenses of $94,154, indicating a deficit for that year. However, more recent data shows a significant increase in revenue to $382,754 and assets to $74,089, suggesting a period of substantial growth and improved financial standing. The organization's officer compensation was reported as 0% in 2020, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. While the 2020 filing shows a net loss, the subsequent revenue growth is a strong positive sign for its financial health. Further detailed breakdowns of recent expenses would be needed to fully assess spending efficiency beyond the 2020 data.