Simple Living Inc

Charity Navigator Rating: Needs Improvement

Simple Living Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 61%. The rating indicates that while the organization performs well in certain areas such as having a majority-independent board and a high program expense ratio, it struggles with governance practices. Significant issues include the absence of key policies like conflict of interest and whistleblower protections, which are critical for maintaining accountability and transparency.

Despite the noted strengths, such as no material diversion of assets and a documented board meeting process, the organization faces challenges in financial stability, as evidenced by a high liabilities-to-assets ratio of 69.45%. This financial concern could impact its ability to sustain operations and fulfill its mission effectively in the long term.

Overall, while Simple Living Inc demonstrates a commitment to its programs with a high program expense ratio of 93.45%, there are essential governance and financial practices that need to be addressed to enhance its overall performance and credibility in the nonprofit sector.

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

Simple Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Simple Living 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: $88,920

For more financial information, click here

Official website here: www.simpleliving.org