AI Transparency Report
Tompkins County SPCA demonstrates a generally stable financial position, though recent years show expenses exceeding revenue. In 2023, the organization reported revenue of $1,709,317 against expenses of $2,035,380, resulting in a deficit. This trend of expenses outpacing revenue has been observed in several recent periods, including 2022 ($1,643,841 revenue vs. $1,839,777 expenses) and 2020 ($1,522,320 revenue vs. $1,579,795 expenses). While the organization maintains healthy assets, reported at $2,436,012 in 2023, the consistent operational deficits could be a concern if not addressed through increased fundraising or expense management.
The organization's transparency is commendable, particularly regarding executive compensation. The consistent reporting of 0% officer compensation across all available filings indicates that the highest-ranking individuals are not receiving salaries, which is a strong indicator of volunteer leadership or that compensation is reported under other categories, but the 0% figure is notable. This practice, if accurate, significantly reduces administrative overhead and maximizes funds available for programs. The NTEE code D200 (Animal Protection & Welfare) aligns well with the organization's name and mission, suggesting a clear programmatic focus.
Overall, Tompkins County SPCA appears to be a well-intentioned organization with a strong commitment to its mission, evidenced by its low reported officer compensation. However, the recurring operational deficits warrant closer examination to ensure long-term financial sustainability, despite a solid asset base. The organization's consistent filing of IRS 990 forms over many years also points to good governance and transparency practices.