Sadlers Wells Association Inc

Charity Navigator Rating: Needs Improvement (63%)

Sadlers Wells Association Inc has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within the organization. While the overall score of 63% reflects some strengths, particularly in financial health and program expense ratio, there are notable weaknesses in transparency and governance practices. The organization operates with a fully independent board, which is a positive aspect, but the size of the board is very limited with only two independent members.

Strengths include a high program expense ratio of 98.32%, suggesting that most of the funds are directed toward its programs rather than administrative expenses. Additionally, the organization has no material diversion of assets, which is a positive indicator of financial integrity. However, the lack of a comprehensive conflict of interest policy, whistleblower policy, and website information listed on the tax form raises concerns regarding accountability and transparency.

The absence of proper governance documentation, such as missing policies and an inadequate board size, highlights areas that could benefit from immediate attention. Improving these aspects could not only enhance the organization's rating in the future but also build greater trust with donors and stakeholders. Overall, while Sadlers Wells Association Inc demonstrates a commitment to its programs, it must address its governance and transparency practices to improve its standing.

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

Sadlers Wells Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sadlers Wells Association Inc submitted a form 990EZ, 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.