Lance Wallnau Ministries Inc

Charity Navigator Rating: Needs Improvement

Lance Wallnau Ministries Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in its accountability and financial practices. With an overall score of 62%, the ministry has significant weaknesses, particularly in governance-related metrics such as having no independent board members and lacking essential policies, which raises concerns about oversight and transparency.

Despite these shortcomings, the organization demonstrates strengths in its program expense ratio, achieving an impressive 85.16%. This suggests that a substantial portion of its funding is directed towards program services rather than administrative costs. Additionally, the ministry maintains a favorable liabilities-to-assets ratio, indicating sound financial health in terms of asset management.

However, the poor fundraising efficiency and lack of a comprehensive financial reporting system are notable limitations. The absence of a conflict of interest policy, whistleblower policy, and proper documentation practices detracts from the overall effectiveness of the organization's governance structure. Addressing these issues could enhance its credibility and operational efficiency.

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

Lance Wallnau Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lance Wallnau Ministries 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: $454,002
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,533

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