AI Transparency Report
Saint Basil Academy Of Classicalstudies demonstrates a consistent operational pattern with revenues generally keeping pace with or slightly exceeding expenses over the past decade. For instance, in 2022, revenue was $282,020 against expenses of $239,446, indicating a surplus. However, the most recent filing (2023) shows expenses ($309,632) slightly exceeding revenue ($306,818), resulting in a minor deficit. The organization's assets have shown growth, from $207,298 in 2014 to $431,869 in 2023, suggesting a stable financial foundation. Liabilities have also increased over time, reaching $125,424 in 2023, which warrants monitoring but is not disproportionate to assets.
The academy's financial health appears stable, with a consistent revenue stream and asset growth. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards its mission, enhancing its spending efficiency. While specific program spending percentages are not provided in the summary data, the lack of executive compensation is a positive indicator of efficient resource allocation. The consistent filing of IRS 990s over 13 periods demonstrates a commitment to transparency.