Formation Counseling Services Inc

Charity Navigator Rating: Needs Improvement

Formation Counseling Services Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas of accountability and finance. With an overall score of 69%, the organization performs well in program expenses, allocating 87.35% to its programs, which suggests a strong commitment to its mission. However, the lack of independent board members and essential governance policies raises concerns about its operational transparency and oversight.

The organization has a solid score in financial statements and shows no material diversion of assets, reflecting financial stability. However, critical governance documents such as a conflict of interest policy, whistleblower policy, and document retention policy are missing, which could undermine trust and accountability. Additionally, the absence of the tax form on its website limits transparency regarding its financial practices.

Overall, while Formation Counseling Services Inc demonstrates a commitment to its programs and maintains a good financial health ratio, it faces significant challenges in governance and accountability that need to be addressed to improve its rating and public trust.

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

Formation Counseling Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Formation Counseling Services 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: $1,562,658

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Official website here: www.formationcounseling.org