Hope Senior Center Inc

Charity Navigator Rating: 90%, Four-Star out of Four Star rating.

Hope Senior Center Inc has achieved a high level of accountability and finance, reflected in its impressive 90% score and Four-Star rating from Charity Navigator. The organization has demonstrated strong governance with a fully independent board, achieving a perfect score in that area. Additionally, it maintains robust financial oversight, evidenced by its thorough audit and oversight committee.

The charity has effectively implemented key policies such as conflict of interest, whistleblower, and document retention, all of which contribute to transparent operations. Its financial health is commendable, particularly with a program expense ratio of over 90%, indicating that a significant portion of its resources is directed toward its mission rather than administrative costs.

However, there is room for improvement in the liabilities to assets ratio, which stands at 55.43%. While this score is acceptable, reducing liabilities relative to assets could enhance the organization's financial stability in the long run. Overall, Hope Senior Center Inc appears to be well-managed and focused on serving its community effectively.

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

Hope Senior Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Senior Center 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: $59,066
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,110

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