Hobart Ames Foundation

Charity Navigator Rating 79% - Three-Star out of Four Star Rating

The Hobart Ames Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in the area of accountability and finance. This score reflects the organization's commitment to transparency and responsible financial management, particularly with a high program expense ratio of 90.33%, which suggests that the majority of its resources are directed toward its charitable missions.

The foundation excels in several operational areas, earning full points for its financial statements audit and policies regarding material diversion of assets, conflict of interest, whistleblowing, and document retention. These strong scores illustrate a robust governance structure and adherence to best practices within nonprofit operations.

However, while the organization has demonstrated strong accountability, the score is solely based on financial metrics. This means there may be limited information available regarding its overall impact or effectiveness in achieving its charitable goals. Stakeholders may wish to consider additional factors beyond financial metrics when evaluating the foundation's performance.

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

Hobart Ames Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hobart Ames Foundation 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: $132,607
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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