Almeida Foundation Inc

Charity Navigator Rating: 53%, One-Star out of Four Stars

The Almeida Foundation Inc has received a One-Star rating from Charity Navigator, indicating a lack of transparency and accountability in its operations. The organization's Accountability & Finance score is notably low at 53%, reflecting issues such as the absence of independent board members and missing critical governance policies, which are essential for maintaining trust and integrity within a nonprofit.

Despite these shortcomings, the foundation shows a strong commitment to its programs, with a program expense ratio of 100%. This suggests that all of its expenditures are directed toward its mission-related activities, which is a positive aspect of its financial management. However, the absence of a conflict of interest policy and other governance practices raises concerns about the organization's long-term sustainability and ethical standards.

Overall, while the Almeida Foundation Inc demonstrates a focus on its charitable activities, the significant gaps in governance and transparency as highlighted by its low rating warrant caution for potential donors and stakeholders. The organization will need to address these issues to improve its standing and build trust within the community.

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

Almeida Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Almeida 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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