Saratoga Economic Development Corporation

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Saratoga Economic Development Corporation has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 96% in this area, the organization demonstrates a high level of financial transparency and responsibility, which is crucial for donor trust and engagement.

The evaluation reveals several strengths, including a fully independent board and robust financial oversight. The organization has successfully implemented policies for managing conflicts of interest and ensuring document retention, contributing to its overall accountability. Notably, the program expense ratio indicates that a significant portion of its resources are directed towards programs, enhancing its operational effectiveness.

While the rating does not point out any major limitations, the focus on accountability and financial management leaves less information available about the direct impact of their programs. Nevertheless, with no material diversion of assets reported, the Saratoga Economic Development Corporation exemplifies a well-managed organization committed to its mission.

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

Saratoga Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saratoga Economic Development Corporation 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: $157,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,426

For more financial information, click here

Official website here: www.saratogaedc.com