AI Transparency Report
Pleasant Grove Academy demonstrates a fluctuating but generally positive financial trajectory over the past decade, with recent years showing significant growth in revenue and assets. In 2022, the organization reported strong revenue of $503,385 against expenses of $348,697, leading to a substantial increase in assets to $238,651. While the most recent filing (2023) shows a slight dip in revenue to $342,433 and expenses exceeding revenue at $384,900, this appears to be an anomaly in an otherwise upward trend. The consistent reporting of zero liabilities in recent years (2020-2023) indicates sound financial management and a healthy balance sheet, a significant improvement from earlier periods where liabilities were present.
The organization's spending efficiency appears to be strong, particularly given the consistent growth in assets and the absence of officer compensation, suggesting that resources are primarily directed towards programmatic activities rather than administrative overhead or executive salaries. The lack of officer compensation also points to a high degree of transparency and a commitment to maximizing funds for the mission. The significant increase in assets from $24,407 in 2020 to $196,184 in 2023, despite the 2023 deficit, reflects effective asset accumulation and financial stability. Overall, Pleasant Grove Academy exhibits good financial health and a commitment to its mission through efficient resource allocation.
Transparency is excellent, as evidenced by the consistent filing of IRS Form 990s and the clear financial data provided. The absence of officer compensation is a key indicator of a lean operational structure and a focus on program delivery. The organization's ability to grow its asset base significantly while maintaining zero liabilities in recent years further underscores its financial prudence and responsible stewardship of funds. This financial discipline, combined with consistent reporting, paints a picture of a well-managed and transparent nonprofit.