AI Transparency Report
Purchase College Association Inc Suny College At Purchase demonstrates a generally stable financial position, with recent years showing consistent revenue and expense levels. For the period ending June 2024, the organization reported revenues of $12,895,718 against expenses of $13,100,959, indicating a slight operational deficit. This trend of expenses closely matching or slightly exceeding revenue has been observed in the past two periods (202306 and 202406), suggesting tight financial management or strategic spending. The organization's assets have remained relatively consistent, with $7,015,641 in assets and $1,457,736 in liabilities for the latest period, indicating a healthy asset-to-liability ratio. The significant increase in revenue from $1.5 million in 2020 to over $12 million in 2024 suggests substantial growth or a change in operational scope following the pandemic period.
Spending efficiency appears to be reasonable, though specific program, administrative, and fundraising breakdowns are not provided in the raw data. However, the consistent operational deficits in the last two years (e.g., $205,241 in 2024 and $458,731 in 2023) warrant closer examination to ensure long-term sustainability. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available, demonstrating a commitment to public disclosure. The reported 0% officer compensation across all available filings is a notable positive indicator for donor confidence, suggesting resources are directed towards the organization's mission rather than executive salaries.
Overall, while the organization has shown strong recovery and growth in revenue post-2020, the recurring operational deficits in the most recent periods should be monitored. Its consistent financial reporting and lack of executive compensation are strong points for transparency and efficiency. Further analysis of detailed expense categories would provide a more granular understanding of spending efficiency.