Phemus Corporation

Charity Navigator Rating: 74%, Two-Star out of Four Star rating.

Phemus Corporation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is driven solely by the Accountability & Finance category, which holds a score of 74%. This rating reflects the organization’s commitment to financial transparency and responsible management, but it also highlights areas that need improvement, particularly in board independence.

One significant strength of Phemus Corporation is its adherence to key policies such as conflict of interest and whistleblower protections, both of which received full points. Furthermore, the organization demonstrates a solid program expense ratio of 100%, meaning all its expenses are directed towards its programs. However, a notable limitation is the absence of independent board members, which may raise concerns about governance and oversight.

Additionally, while the organization has a good record regarding the diversion of assets and maintains a healthy liabilities to assets ratio, it has shortcomings in transparency, as indicated by the missing tax documents on its website. Overall, while Phemus Corporation shows promise in its financial management, enhancing its governance structure could improve its ratings and overall effectiveness.

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

Phemus Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phemus Corporation 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: $0

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