Onondaga Fire Company Inc

Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)

Onondaga Fire Company Inc has received a solid Three-Star rating from Charity Navigator, indicating a generally positive assessment of its accountability and financial health. The charity's overall score is derived solely from its strong performance in the Accountability & Finance beacon, reflecting a commitment to transparency and responsible financial management. Key strengths include a fully independent board comprised of ten members and a high program expense ratio of 90.20%, demonstrating that the majority of funds are directed towards its mission.

The organization scored exceptionally well in areas such as financial statement audits and conflict of interest policies, earning full points in these categories. Additionally, it has shown effective governance practices by documenting board meeting minutes. However, there is room for improvement in its liabilities to assets ratio, which is noted at 62.43%. This suggests that while Onondaga Fire Company manages its resources effectively, it may need to address its debt levels relative to its assets.

Overall, while Onondaga Fire Company Inc demonstrates a strong foundation in financial accountability and governance practices, attention to its liabilities may enhance its financial stability and further bolster its operational effectiveness.

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

Onondaga Fire Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onondaga Fire Company 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: $41,600

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