Penobscot Christian School

Rating from Charity Navigator: 52%, One-Star out of Four Stars

Penobscot Christian School has received a low rating of 52% from Charity Navigator, indicating significant concerns primarily in the areas of accountability and finance. The overall score reflects a complete reliance on the Accountability & Finance assessment, where the organization showed strengths such as having a fully independent board and no material diversion of assets. However, the absence of financial statements and key governance policies like conflict of interest and whistleblower policies has heavily impacted their score.

While the school has demonstrated a reasonable liabilities to assets ratio at 53.29% and a program expense ratio of 57.92%, the lack of transparency and documentation raises red flags. Notably, essential documents such as the tax form and policies for document retention are missing from their website, which suggests a need for improvement in financial reporting and governance practices.

Overall, Penobscot Christian School shows a commitment to independence in board governance but must address the significant limitations regarding its financial transparency and policy documentation to enhance its accountability and improve its rating.

This AI summary has been generated from information found on Charity Navigator.

Penobscot Christian School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Penobscot Christian School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $679,431

For more financial information, click here

Official website here: www.penobscotchristian.org