AI Transparency Report
The Sogi Foundation demonstrates consistent financial stability with a healthy asset base relative to its revenue. Over the past three years (2021-2023), the organization has maintained assets exceeding $400,000, while annual revenues have fluctuated between $22,409 and $34,174. Expenses have generally been well-managed, staying below revenue in recent years, indicating responsible financial stewardship. The foundation's liabilities have consistently been reported as minimal ($1 or $0), suggesting a strong balance sheet and low financial risk.
Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that the organization's leadership is likely volunteer-based or compensated through other means not reported as officer compensation, which can free up more funds for programmatic activities. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The overall trend shows expenses generally increasing in line with revenue, maintaining a sustainable operational model.
Transparency is generally good, with a consistent filing history of 990 forms. The absence of officer compensation is a positive indicator for donor confidence. To further enhance transparency, the organization could provide more detailed breakdowns of its expenses, allowing for a clearer understanding of how funds are allocated across its mission-related activities, administration, and fundraising efforts. The consistent asset growth, from $1 in 2012 to $446,534 currently, also points to effective asset management over time.