Primax Foundation Inc

Charity Navigator Rating: 67%, Two-Star out of Four Star rating.

The Primax Foundation Inc has received a 67% rating from Charity Navigator, indicating some strengths in its financial management but also significant room for improvement, particularly in governance. The organization has a solid program expense ratio of 80.56%, reflecting a commitment to utilizing funds effectively towards its programs. However, the foundation's accountability is somewhat undermined by the absence of independent board members and missing key documents such as their website on their tax form and their document retention policy.

While the foundation is compliant with some governance standards, such as having a conflict of interest policy and a whistleblower policy in place, the lack of independent oversight raises concerns regarding transparency and accountability. Moreover, the missing documentation negatively impacts the overall accountability score, which ultimately affects the trust placed in the organization. These factors combined contribute to a Two-Star rating, emphasizing the need for improvement in governance practices to enhance credibility and public trust.

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

Primax Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Primax 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: $20,530

For more financial information, click here