Aldrich Public Library

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Aldrich Public Library holds a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. This rating is derived from a single beacon score focused entirely on financial practices, where they scored 77%. Key strengths include a fully independent board and no material diversion of assets, which showcases their commitment to transparency and effective governance.

The library's financial health is further illustrated by a low liabilities to assets ratio of 1.55% and a high program expense ratio of 80.45%, suggesting that a significant portion of their funds is directed towards their core mission rather than administrative costs. They also have several important policies in place, such as a conflict of interest policy and documentation of board meeting minutes.

However, a notable area for improvement is the absence of a whistleblower policy, which is crucial for maintaining robust internal oversight and accountability. Addressing this limitation could enhance their rating and further strengthen stakeholder confidence in their operations.

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

Aldrich Public Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aldrich Public Library 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: $64,554
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,264

For more financial information, click here

Official website here: www.aldrichpubliclibrary.org