Performa Inc

Charity Navigator rating: One-Star out of Four Stars (51%)

Performa Inc has received a low rating of 51%, indicating significant areas of concern in its accountability and financial practices. While the organization boasts a fully independent board and has no reported material diversions of assets, it lacks essential policies, including a whistleblower policy, which negatively impacts its overall score. The high liabilities to assets ratio suggests potential financial instability, raising questions about the organization’s fiscal management.

Despite these weaknesses, Performa Inc does have notable strengths in its leadership and strategic goals. The organization has a clear focus on commissioning artists and providing educational platforms, demonstrating a commitment to its mission. However, its program expense ratio is concerningly low, and the fundraising efficiency indicates that more resources are spent on fundraising than what is raised, which may limit its operational capacity and effectiveness.

In summary, while Performa Inc has a solid governance structure with an independent board and clear strategic objectives, its financial metrics raise red flags that could hinder its ability to fulfill its mission effectively. Stakeholders may want to consider these metrics closely when assessing the organization's viability and impact.

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

Performa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Performa 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: $330,339

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