Providence Place Inc

Charity Navigator Rating: Needs Improvement

Providence Place Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. While the organization demonstrates strengths in governance, such as having a fully independent board and robust policies in place regarding conflict of interest and whistleblower protections, it faces challenges in financial transparency and sustainability. The lack of a comprehensive review of financial statements and a concerning liabilities to assets ratio indicate potential financial risks.

The organization reports a commendable program expense ratio of 72.53%, reflecting a strong commitment to directing funds toward its programs. However, the absence of posted tax forms on the nonprofit's website raises questions about transparency and accessibility of financial information to stakeholders. This gap in financial reporting could hinder donor confidence and overall accountability.

Overall, while Providence Place Inc shows promise in its governance and program execution, the noted deficiencies in financial oversight and transparency warrant attention. Improving these areas may enhance its rating and bolster trust among supporters and beneficiaries alike.

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

Providence Place Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Place 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: $1,883,051

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Official website here: www.providenceplace.org