AI Transparency Report
Saint Katharine Drexel Retirementcenter Inc demonstrates consistent financial operations, with revenues generally keeping pace with expenses over the past decade. In the most recent filing (202306), the organization reported revenues of $3,366,365 against expenses of $3,498,898, indicating a slight deficit for the period. This trend of expenses closely matching or slightly exceeding revenue is observable in several past years, such as 202206 and 201806. The organization's assets have shown a gradual decline from $7,660,486 in 201406 to $6,609,030 in 202306, while liabilities have remained substantial, ranging from $5,713,687 to $6,916,986. This suggests a reliance on debt or long-term obligations to support its operations and assets.
The organization's spending efficiency appears to be focused on its core mission, given the nature of a retirement center. The consistent reporting of 0% officer compensation across all available filings indicates a strong commitment to directing funds towards services rather than executive salaries, which is a positive sign for donors. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The organization's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory transparency.