Faith Broadcasting Network Inc

Charity Navigator Rating: Needs Improvement

Faith Broadcasting Network Inc has been rated with a two-star rating by Charity Navigator, indicating a need for improvement in certain areas of governance and transparency. The organization scored a 71%, reflecting strong accountability and finance practices, particularly with a perfect score in financial statement audits and no material diversion of assets. However, the nonprofit struggles with board independence, having only 28% of its board members classified as independent, which may impact its governance practices.

While the charity excels in program expense ratio, allocating 81.52% of its budget to programs, there are notable gaps in transparency and adherence to best practices. Key policies such as whistleblower and document retention policies are missing, and important financial documents like the tax form are not posted on its website. This lack of transparency may raise concerns among donors and stakeholders.

Compensation for key employees appears to be significant, with the highest-paid staff member earning over $300,000. While the financial health of the organization seems stable, the issues surrounding governance and transparency can affect public trust and the overall effectiveness of the nonprofit's mission.

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

Faith Broadcasting Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Broadcasting Network 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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