Pierce Memorial Baptist Home Inc

Charity Navigator Rating: 96%

Pierce Memorial Baptist Home Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting an impressive overall score of 96%. This rating is derived from a singular beacon score focused on Accountability & Finance, underscoring the organization's commitment to transparency and responsible financial management. The most recent fiscal year assessed was FY2020, where the charity demonstrated exemplary practices throughout its financial operations.

The organization boasts a fully independent board, with 100% of its eight members meeting this criterion. Additionally, it has established robust oversight mechanisms, as evidenced by its top scores in areas such as financial statements, audit and oversight committee effectiveness, and absence of material diversion of assets. These factors contribute to a high level of trust and credibility among stakeholders and potential donors.

Financially, Pierce Memorial Baptist Home Inc shows a strong program expense ratio of 85.37%, indicating that the majority of its funds are allocated directly to its programs rather than administrative costs. The organization also maintains a healthy liabilities to assets ratio of 40.74%, suggesting a solid financial footing. Overall, the data points to a well-managed and accountable nonprofit with a strong focus on fulfilling its mission effectively.

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

Pierce Memorial Baptist Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pierce Memorial Baptist Home Inc submitted a form 990EZ, 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.

Official website here: www.piercecare.org