The Katydid Foundation Inc

Charity Navigator Rating: 1 Star (58%)

The Katydid Foundation Inc has received a low rating of 58% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The foundation has excelled in areas such as maintaining an independent board and ensuring no material diversion of assets, but it has fallen short in other critical areas including policy documentation and transparency.

Despite a strong program expense ratio of 90.38%, which indicates a focus on its mission-driven activities, the foundation lacks essential governance policies. The absence of a conflict of interest policy, whistleblower policy, and a proper document retention policy raises questions about the organization's transparency and adherence to best practices.

Additionally, the foundation's poor liabilities to assets ratio of 174.18% suggests financial instability, which could impact its long-term sustainability. The missing information on the website, including tax forms, further undermines trust and accountability. Overall, while the foundation demonstrates strong commitment to its programs, significant improvements are needed in governance and financial management to enhance its credibility and rating.

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

The Katydid Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Katydid Foundation 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: $0

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