Latchis Arts Inc

Charity Navigator Rating: 36% (Zero-Star out of Four Star rating)

Latchis Arts Inc has received a low overall score of 36%, resulting in a Zero-Star rating from Charity Navigator. This rating highlights significant concerns regarding the organization's accountability and financial practices. Although it scored well on certain governance aspects, such as having a fully independent board and no material diversion of assets, it failed to meet fundamental accountability standards in several key areas.

The organization has been criticized for lacking essential policies, including conflict of interest and whistleblower policies, which are crucial for transparency and ethical governance. Additionally, the program expense ratio is notably low at 46.33%, suggesting that a substantial portion of the expenses may not be allocated to direct program activities, raising questions about its operational efficiency and impact.

While Latchis Arts Inc demonstrates some strengths in governance, its failure to implement necessary policies and low program expenses indicate a need for improvement in overall accountability and financial management. This performance suggests potential challenges in building trust with donors and stakeholders, urging the organization to prioritize enhancing its operational standards.

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

Latchis Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latchis Arts Inc 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: $33,492

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Official website here: www.latchis.org