Innovative Concepts Inc

Charity Navigator Rating: 64% (Two-Star out of Four Stars)

Innovative Concepts Inc received a Two-Star rating from Charity Navigator, reflecting a moderate level of financial accountability and governance. The overall score is derived solely from the Accountability & Finance beacon, indicating that while there are some strengths, the organization falls short in several key areas that impact transparency and governance practices.

One notable strength is the high program expense ratio of 88.22%, which suggests that most of the organization's funds are directed towards its programs rather than administrative costs. Additionally, the charity has a majority of independent board members, which is a positive indicator of governance. However, the lack of financial statements and missing policies such as conflict of interest and whistleblower protections raise concerns regarding accountability.

The absence of essential documents, including the organization's tax form and policies for managing conflicts of interest, suggests that there are significant areas for improvement. These limitations could affect stakeholders' trust and the organization's overall effectiveness in its mission.

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

Innovative Concepts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Concepts 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: $57,082
Professional Fundraising Fees: $0
Other Salaries and Wages: $342,039

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