Phoenix Houses Of New York Inc

Charity Navigator rating: 1-Star out of Four Stars (57%)

Phoenix Houses of New York Inc has received a low rating of 57%, primarily reflecting challenges in its financial accountability. While the organization boasts a fully independent board and has implemented various governance policies, its financial metrics are concerning, particularly the liabilities to assets ratio, which is significantly high, indicating potential financial instability.

The organization has shown strengths in governance, as evidenced by its 100% independent board and several policies that support accountability, such as conflict of interest and whistleblower protections. However, the low program expense ratio of 43.30% suggests that a smaller proportion of its resources is being directed towards its programs, which is a critical area of focus for donors and stakeholders.

Despite having transparency regarding board meetings and governance documents, the absence of the tax form on the nonprofit's website raises questions about its overall financial transparency. These factors contribute to its one-star rating, highlighting the need for improvement in financial management and program effectiveness to build trust and better serve its mission.

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

Phoenix Houses Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Houses Of New York 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

For more financial information, click here

Official website here: www.phoenixhouse.org