Seven Angels Theatre Inc

Rating from Charity Navigator: 67% (Two-Star out of Four Star rating)

Seven Angels Theatre Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization demonstrates strong governance practices, with a fully independent board and excellent oversight of financial statements. However, the overall score reflects areas needing improvement, particularly in its financial stability given the high liabilities to assets ratio.

Strengths of the organization include a high program expense ratio of 69.73%, suggesting that a significant portion of its budget is dedicated to its programs rather than administrative costs. The charity has also shown transparency by documenting board meeting minutes and maintaining accountability through regular audits. These factors contribute positively to the organization's credibility.

Despite these strengths, the high liabilities to assets ratio of 86.84% raises concerns about the financial health of Seven Angels Theatre Inc. This could potentially affect its ability to sustain operations in the long term. Overall, while the organization exhibits solid governance and program delivery, addressing its financial challenges would be crucial for future stability.

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

Seven Angels Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Angels Theatre Inc 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: $69,220
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,698

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