AI Transparency Report
The Fallon Youth Club Inc demonstrates a mixed financial picture. While the organization has shown significant growth in revenue, reaching $761,838 in 2022, there's a notable fluctuation in its financial performance. For instance, in 2023, expenses ($612,400) significantly outstripped revenue ($272,850), leading to a substantial deficit. This contrasts sharply with 2022, where revenue comfortably exceeded expenses. The organization's assets have also seen considerable growth, from $13,734 in 2018 to $601,635 in 2022, before a dip to $340,256 in 2023, indicating some financial volatility.
Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing overhead in this area. The significant increase in liabilities from $7,894 in 2022 to $23,640 in 2023, alongside the revenue deficit, warrants closer examination.
In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The absence of reported officer compensation is a positive sign for donor confidence regarding executive pay. However, a more detailed breakdown of expenses would enhance transparency regarding how funds are allocated across different functions.