AI Transparency Report
Project Compassion demonstrates a generally healthy financial position with consistent revenue growth over the past several years, peaking at $792,414 in 2021. While expenses slightly exceeded revenue in 2021 ($816,316 vs. $792,414), this appears to be an anomaly in their recent history, as they typically operate with a surplus or near break-even. The organization maintains a modest asset base of $233,554 with no reported liabilities in 2021, indicating good financial stability and responsible management of debt.
The organization's transparency is commendable, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is a positive indicator for donor confidence. The consistent filing of IRS Form 990s over six periods further enhances their transparency and accountability.
Without a detailed breakdown of expenses (program, administrative, fundraising) from the provided data, a precise assessment of spending efficiency is challenging. However, the overall financial trends suggest a well-managed organization that has scaled its operations significantly since 2016, from $47,682 in revenue to $792,414 in 2021, while maintaining a stable asset base and minimal liabilities.