AI Transparency Report
Project Apis M demonstrates generally sound financial health, though the latest filing period (202306) shows expenses exceeding revenue by a significant margin ($2,522,637 in expenses vs. $1,640,575 in revenue), leading to a decrease in assets from $3,189,552 in 202206 to $2,368,143. This trend warrants monitoring to ensure long-term sustainability. Prior periods, such as 202106, showed strong surpluses with revenue of $3,245,987 against expenses of $2,059,115, indicating a capacity for effective fundraising and program delivery. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission. The NTEE code K05 suggests a focus on agricultural research and related activities, which aligns with the 'Apis M' (honey bee) in its name, implying a clear programmatic focus.
Spending efficiency appears to be robust, given the consistent program-oriented nature of their work and the absence of executive compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall financial picture suggests that the organization prioritizes its mission. The fluctuation in revenue and expenses across years is typical for project-based or grant-funded organizations, but the recent deficit should be addressed. The organization's asset base of $2,368,143 in 202306 provides a reasonable buffer, though it has declined from previous years.