Charles E Fraser Library Inc

Charity Navigator Rating: 80%, Three-Star out of Four Star rating.

The Charles E Fraser Library Inc has received an 80% score from Charity Navigator, signifying a solid performance in accountability and finance. This rating is based entirely on the organization’s financial practices, indicating that it maintains a strong commitment to transparency and effective management of resources. The high score reflects positively on the library's operational integrity and fiscal responsibility.

One of the notable strengths of the organization is its governance structure, with 100% of board members being independent. Additionally, the library has demonstrated exemplary document retention practices and maintains detailed records of board meeting minutes. The low liabilities to assets ratio of 2.04% suggests strong financial health, with the majority of its expenses directed towards its programs, as evidenced by a program expense ratio of 99.92%.

While the organization displays strong accountability and financial stewardship, the summary does not mention any specific programs or community impacts it has had, which could provide a fuller picture of its contributions. Nevertheless, the strong financial metrics indicate a well-run nonprofit dedicated to its mission.

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

Charles E Fraser Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles E Fraser Library 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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