Meriden Boys Club End Fd (P)

Charity Navigator Rating: Needs Improvement

Overall, the Meriden Boys Club Endowment Fund has received a Two-Star out of Four Star rating, with an overall score of 60%. This rating reflects a calculated score based solely on a single beacon, highlighting significant areas for improvement, particularly in governance and transparency.

The organization demonstrates strong financial performance, particularly with a high program expense ratio of 94.46%, indicating that a large portion of funds directly supports its programs. However, it lacks independent board members, with a score of 0% in this area, which can raise concerns about accountability and effective oversight. Additionally, weaknesses in transparency are evident, as important policies and documents, such as the conflict of interest and whistleblower policies, are missing, along with the nonprofit's website not being listed on its tax form.

While the organization has successfully avoided any material diversion of assets and maintains a favorable liabilities to assets ratio, the lack of independent governance and transparency policies significantly detracts from its overall assessment. Strengthening these areas could enhance its rating and increase trust among potential donors and stakeholders.

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

Meriden Boys Club End Fd (P) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meriden Boys Club End Fd (P) 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: $11,966
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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