Martinsville-Henry County Economic Development Corp

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Martinsville-Henry County Economic Development Corp has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a high level of fiscal responsibility, which is crucial for building trust with donors and stakeholders.

One of the notable strengths of this nonprofit is its governance structure, featuring a fully independent board with no conflicts of interest reported. It excels in transparency, with all key policies and documentation properly listed and maintained, ensuring that stakeholders can easily access information about its operations and decision-making processes.

Furthermore, the organization shows a robust financial health, indicated by a low liabilities-to-assets ratio and a high program expense ratio. This suggests that the majority of its expenditures are directed towards its mission-related activities, highlighting an effective use of resources. Overall, the data suggests that the Martinsville-Henry County Economic Development Corp is well-managed and committed to its objectives.

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

Martinsville-Henry County Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martinsville-Henry County Economic Development Corp 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: $320,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $444,992

For more financial information, click here

Official website here: www.yesmartinsville.com