Monhegan Memorial Library

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)

Monhegan Memorial Library has received a Two-Star rating from Charity Navigator, indicating there are areas needing improvement, particularly in governance and transparency. While it has excelled in areas such as having an independent board and low liabilities, the organization lacks essential policies like a conflict of interest policy and a whistleblower policy, which are critical for effective governance.

The library demonstrates a strong commitment to its programs, as evidenced by a high program expense ratio of 89.37%. This suggests that a significant portion of its resources is directed towards fulfilling its mission. However, the absence of crucial documentation, including its tax form on the website, raises concerns about transparency and accessibility for stakeholders.

Despite its strengths, the library's missing policies and documentation highlight the need for improved accountability practices. Addressing these limitations could enhance trust and confidence in the organization among its community and potential donors.

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

Monhegan Memorial Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monhegan Memorial Library 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: $23,107

For more financial information, click here