Wachusett House Corp

Charity Navigator Rating: 80% (Three-Star out of Four Star rating)

Wachusett House Corp has achieved a respectable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is solely derived from their Accountability & Finance Score of 80%. This rating reflects the charity's commitment to maintaining transparency and responsible financial practices.

The organization demonstrates strong governance through an entirely independent board and maintains no material diversion of assets, which adds to its trustworthiness. However, there are a couple of areas for improvement, such as the absence of a whistleblower policy and a document retention policy, which are important for safeguarding against potential issues in governance.

Financially, Wachusett House Corp showcases effective program spending, with a program expense ratio of 87.04%, indicating that a significant portion of its budget is allocated to its mission-driven activities. The liabilities to assets ratio of 44.91% suggests a manageable level of debt relative to its assets, reinforcing the organization's financial stability. Overall, while there are minor governance gaps, the charity shows a strong commitment to accountability and effective use of funds.

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

Wachusett House Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wachusett House Corp 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: $24,892

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