Midtown Arts Common

Charity Navigator Rating: 65%, Two-Star out of Four Star Rating

Midtown Arts Common has received a Two-Star rating from Charity Navigator, indicating that while the organization has some strengths, it also has notable weaknesses in accountability and finance. The organization excels in having an independent board, with all 10 members being independent and scoring full points in this area. Additionally, it has a good program expense ratio of 78.59%, demonstrating a significant portion of its resources is directed toward its mission-related activities.

However, the organization faces criticism for missing important governance policies, such as a whistleblower policy and a document retention and destruction policy, which may affect its oversight and transparency. It also has a concerning liabilities to assets ratio of 202.90%, suggesting potential financial instability. Furthermore, the lack of a posted tax form on its website is another area where the organization falls short, which could hinder public trust and accountability.

Overall, while Midtown Arts Common shows commitment through its independent governance structure and effective program spending, its shortcomings in critical policies and financial metrics highlight areas for improvement to enhance trust and operational effectiveness.

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

Midtown Arts Common is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midtown Arts Common 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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