Anchor Arts Management Inc

Charity Navigator Rating: 56% (One-Star out of Four Stars)

Anchor Arts Management Inc has received a low rating of 56%, indicating significant concerns regarding its accountability and financial practices. The lack of independent board members and missing essential policies such as conflict of interest and whistleblower policies contribute to its poor score. While the organization has no material diversion of assets and boasts a 100% program expense ratio, these strengths are overshadowed by governance issues.

The organization has made some efforts to maintain transparency, as indicated by the listing of its website on its tax form and the availability of board meeting minutes. However, the absence of a tax form on the nonprofit's website raises further questions about its commitment to transparency. The liabilities to assets ratio is favorable at 0.00%, suggesting sound financial management in terms of debt.

Overall, while Anchor Arts Management Inc demonstrates strong program expenses and financial health, the lack of independent oversight and critical governance policies points to areas needing improvement. Potential donors and supporters should consider these factors when evaluating their engagement with the organization.

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

Anchor Arts Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Arts Management 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: $29,000

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Official website here: www.none