Omega Ensemble Inc

Charity Navigator Rating: 36% (Zero-Star out of Four Star Rating)

Omega Ensemble Inc has received a low rating of 36% from Charity Navigator, which indicates significant areas of concern in its accountability and financial practices. The organization has zero independent board members, which raises questions about governance and oversight. While it has demonstrated some strengths in areas such as the absence of material diversion of assets and a favorable liabilities to assets ratio, the overall lack of independent board oversight is a significant drawback.

The financial health of Omega Ensemble Inc is further questioned by its program expense ratio of 53.60%, which suggests that less than a majority of its expenditures directly support its programs. Although the charity does report board meeting minutes and keeps its tax form accessible, the absence of critical policies such as conflict of interest and whistleblower protections highlights a lack of robust governance practices.

Overall, while Omega Ensemble Inc shows some positive marks in financial stability, concerns about board independence and governance policies are prominent. Potential donors and supporters may want to consider these factors carefully before engaging with the organization.

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

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

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Official website here: www.omegaensemble.com