Delaware County Local Development Corp

Charity Navigator Rating: 86% (Three-Star out of Four Star rating)

The Delaware County Local Development Corp has achieved a commendable rating of 86%, reflecting its solid performance in various accountability and financial metrics. The organization boasts a fully independent board with 100% of its members meeting this criterion, which enhances its governance and oversight capabilities. With a strong financial statements audit and oversight committee, it demonstrates effective management and transparency in its operations.

Strengths of the organization include an impressive program expense ratio of 97.28%, indicating that nearly all of its expenditures are directed towards its programs rather than administrative costs. Additionally, the absence of any material diversion of assets and the presence of both a conflict of interest policy and a whistleblower policy showcase its commitment to ethical practices and accountability.

However, while the organization is performing well overall, it has a liabilities to assets ratio of 52.32%, which could be viewed as a moderate level of financial leverage. This indicates that while it is managing its resources effectively, there may be some room for improvement in terms of financial stability and sustainability.

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

Delaware County Local Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware County Local Development Corp 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: $10,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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