M & N Sports Inc

Charity Navigator Rating: 52% (One-Star out of Four Stars)

M & N Sports Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based entirely on the charity's Accountability & Finance category, where it scored 52%. This low rating raises red flags for potential donors about how well the organization manages its resources and adheres to best practices in governance.

One of the notable strengths of M & N Sports Inc is a high program expense ratio of 90.54%, suggesting that the majority of its funds are directed toward its programs rather than administrative costs. However, the organization has severe weaknesses, including a complete lack of independent board members, missing financial statements, and the absence of essential policies like conflict of interest and whistleblower protections. These deficiencies indicate a lack of transparency and governance that could hinder trust among stakeholders.

Furthermore, the charity's failure to list its website on its tax form, alongside other missing documentation, points to a concerning lack of accessibility and accountability. While M & N Sports Inc is fulfilling its programmatic mission, the significant gaps in governance practices and transparency may deter potential supporters and undermine the organization's credibility.

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

M & N Sports Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. M & N Sports 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: $264,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $799,830

For more financial information, click here