AI Transparency Report
Pearl Transit demonstrates strong financial health and consistent growth over the past decade. In the latest filing (202312), the organization reported revenue of $6,435,936 against expenses of $3,221,944, resulting in a significant surplus. This trend of revenue exceeding expenses has been consistent, allowing for substantial asset growth from $0 in 2012 to $17,828,815 in 2023. The organization's liabilities remain a small fraction of its assets, indicating a healthy balance sheet. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean executive structure, which is a positive indicator for donor confidence and efficient use of funds. The consistent growth in assets and revenue, coupled with controlled expenses, points to a well-managed and financially stable operation.