Lifequest

Charity Navigator Rating: Needs Improvement

Lifequest has received a Two-Star out of Four Star rating from Charity Navigator, indicating areas that require attention despite a strong performance in accountability and finance. The organization earned a perfect score in key areas such as having a majority of independent board members, a robust audit and oversight committee, and no material diversion of assets. However, the lack of critical policies like a whistleblower policy and document retention protocols has negatively impacted its overall evaluation.

While Lifequest demonstrates a commendable program expense ratio of 67.55%, signifying that a substantial portion of its budget is allocated to its programs, the liabilities to assets ratio of 101.01% raises some concerns about financial health. This ratio suggests that the organization's liabilities exceed its assets, which could pose risks to its sustainability if not addressed.

Overall, while Lifequest shows strengths in governance and transparency, it must work on establishing missing policies and improving its financial health to enhance its rating and effectiveness. Addressing these areas will be crucial for building trust and ensuring long-term viability.

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

Lifequest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifequest 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: $925,703
Professional Fundraising Fees: $0
Other Salaries and Wages: $467,623

For more financial information, click here

Official website here: www.lq.org