AI Transparency Report
Patrons Of The Arts & Activities demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $237,149 in 2023. The organization has consistently reported zero liabilities, indicating strong financial management and no reliance on debt. While revenue has fluctuated, with a high of $231,067 in 2015 and a low of $33,445 in 2020, the organization has shown resilience. Spending efficiency appears to be a mixed bag; for instance, in 2023, expenses ($174,590) exceeded revenue ($124,083), leading to a deficit, whereas in 2022, revenue significantly outpaced expenses ($143,742 vs. $51,355). The absence of officer compensation reported across all filings suggests a volunteer-driven leadership, which can be a positive indicator of resource allocation directly to mission-related activities. However, without a detailed breakdown of expenses into program, administrative, and fundraising costs, a precise assessment of spending efficiency is challenging. The consistent filing of IRS 990s over 13 periods indicates a commitment to transparency.