World Exchange Ltd

Charity Navigator Rating: 48% (Zero-Star out of Four Stars)

World Exchange Ltd has received a low rating of 48% from Charity Navigator, which indicates significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, it lacks adequate independent board membership, which raises questions about governance. The charity has demonstrated strong program expense ratios, allocating 81.72% of its expenses to programs, reflecting a commitment to its mission.

However, there are several critical weaknesses noted in the evaluation. The charity is missing several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are essential for transparency and ethical governance. Moreover, the absence of board meeting minutes and an extremely high liabilities to assets ratio at 3009.29% further illustrate potential financial mismanagement that could jeopardize the organization’s sustainability.

Overall, while World Exchange Ltd has strengths in program spending, its overall governance and accountability issues significantly overshadow these positives, leading to a poor rating and concerns for potential donors about the effective use of their contributions.

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

World Exchange Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Exchange Ltd 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.worldexchange.org