AI Transparency Report
St Anthonys Monastery Association Inc's financial health has seen a dramatic shift. From 2014 to 2019, the organization consistently reported over $1 million in annual revenue and expenses, indicating significant operational activity. However, starting in 2020, revenue plummeted to double-digit figures, with the latest reported revenue for 2023 at just $102, while expenses, though also significantly reduced, still outstripped revenue, leading to a consistent net loss. This trend suggests a substantial scaling down or cessation of previous activities, raising concerns about its long-term viability given the current financial trajectory.
The organization's spending efficiency is difficult to assess with the provided data, as a detailed breakdown of program, administrative, and fundraising expenses is not available for the recent periods. However, the consistent negative net income, where expenses ($3,536 in 2023) far exceed revenue ($102 in 2023), indicates an unsustainable financial model in its current state. The organization has maintained zero officer compensation throughout its filing history, which is a positive sign for resource allocation away from executive pay.
Transparency appears to be adequate in terms of filing IRS Form 990s consistently. However, the drastic change in financial scale without clear explanations in the provided data raises questions about the reasons behind this operational shift. The consistent reporting of zero liabilities in recent years (2021-2023) is a positive indicator of financial stability in that regard, despite the revenue decline. The organization's assets have also steadily decreased from a high of $239,615 in 2018 to $108,422 in 2023, reflecting the ongoing financial challenges.