AI Transparency Report
Shelby County Community Outreach Inc demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. For the latest period (202312), the organization reported revenues of $174,004 against expenses of $169,028, indicating a slight surplus. The organization's assets have fluctuated, reaching a high of $242,033 in 201612 and currently standing at $190,667. Liabilities have remained very low, often under $5,000 in recent years, which is a positive indicator of financial stability and low debt burden.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests that resources are primarily directed towards the organization's mission rather than executive salaries. While detailed program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a significant positive for efficiency. The organization's revenue has seen some growth, with the latest reported revenue of $217,062 being higher than most previous years, suggesting a healthy ability to attract funding.
Transparency is generally good, with 13 filings available, demonstrating a consistent reporting history. The low liabilities and absence of officer compensation contribute to a perception of responsible financial management. To further enhance transparency, a more detailed breakdown of program, administrative, and fundraising expenses would be beneficial for external analysis, though the current data points to a lean operational structure.