Siasconset Beach Preservation Fund Inc

Charity Navigator Rating: Needs Improvement

The Siasconset Beach Preservation Fund Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and governance. The organization scored 69%, reflecting strengths in its financial accountability with full marks for independent board members and financial statement audits. However, several key policies, including conflict of interest and whistleblower policies, are missing, which raises concerns regarding transparency and oversight.

Despite its high program expense ratio of 95.27%, suggesting a strong allocation of resources towards its mission, the organization struggles with a high liabilities-to-assets ratio of 178.20%. This financial metric implies potential concerns about financial stability, as liabilities significantly exceed assets. Additionally, the absence of its tax form on the nonprofit's website may hinder public access to crucial financial information.

Overall, while the Siasconset Beach Preservation Fund showcases a commitment to its mission through effective program spending, the gaps in governance policies and financial management practices necessitate attention to enhance operational integrity and public trust.

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

Siasconset Beach Preservation Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Siasconset Beach Preservation Fund 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: $42,287

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Official website here: www.sconsetbeach.org