AI Transparency Report
World Of Good Incorporated demonstrates consistent financial activity, with revenues fluctuating but generally showing a slight upward trend over the past decade, reaching $74,670 in 2023. The organization consistently spends less than its revenue, as seen in 2023 where expenses were $68,356 against $74,670 in revenue, indicating sound financial management. Its asset base has also grown steadily, from $36,089 in 2013 to $84,736 in 2023, suggesting a healthy accumulation of resources.
The organization's spending efficiency appears strong, with expenses consistently below revenue in most years, allowing for asset growth. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for donors. While specific program spending details are not provided in the summary data, the overall financial health appears stable for an organization of its size.
Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of financial metrics. The absence of officer compensation is a significant factor in assessing its financial practices. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a complete assessment of spending efficiency is limited. The organization's consistent growth in assets and responsible expense management are positive indicators of its financial stewardship.