Ivy Preparatory Academy Incorporated

Charity Navigator Rating: Needs Improvement

Ivy Preparatory Academy Incorporated has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 73%. The organization demonstrates some strengths, including 100% independent board members and a solid program expense ratio of 80.88%, which suggests that a significant portion of its budget is allocated towards its programs rather than administrative costs. The financial oversight measures, such as the audit committee scoring well, indicate a commitment to financial accountability.

However, there are notable weaknesses that contribute to its rating. The lack of essential policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, raises concerns about governance practices. Additionally, the organization has a high liabilities to assets ratio of 126.78%, which suggests potential financial instability that could pose risks to its operations.

In summary, while Ivy Preparatory Academy Incorporated shows strong programmatic focus and financial oversight, it must address its governance deficiencies and financial health to improve its overall rating and build greater trust with stakeholders.

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

Ivy Preparatory Academy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy Preparatory Academy Incorporated 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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Official website here: www.ipa.ivyprepacademy.org/