AI Transparency Report
Voces Latinas Corporation demonstrates a strong commitment to its program services, consistently allocating a significant majority of its expenses directly to its mission. Over the past several years, the organization has shown substantial growth in both revenue and assets, indicating increasing capacity and reach. For instance, revenue grew from $653,494 in 2014 to $3,860,502 in 2023, and assets increased from $328,773 to $2,878,237 in the same period. While the organization experienced a slight deficit in 2023, with expenses exceeding revenue by $267,334, this follows a period of strong surpluses in prior years, suggesting it may be a strategic investment or a temporary fluctuation. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a focus on directing resources to programs rather than executive pay.
The organization's financial health appears robust, supported by growing assets and a generally positive trend in net assets. Liabilities have increased in recent years, reaching $674,384 in 2023, but remain manageable relative to total assets. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and public transparency. Overall, Voces Latinas Corporation appears to be a financially sound and program-focused nonprofit.