Catholic Star Herald

Charity Navigator Rating: 47% (Zero-Star out of Four Star rating)

Catholic Star Herald has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization scored poorly in key areas such as independent board membership and the availability of financial statements, which could raise red flags for potential donors regarding governance and oversight practices.

One positive aspect noted is a high program expense ratio of 93.72%, suggesting that the majority of its expenses are directed towards its programs rather than administrative costs. However, the organization lacks independent board members and does not maintain a conflict of interest policy, which can undermine confidence in its governance structure. Additionally, the high liabilities to assets ratio at 324.18% raises concerns about financial stability.

In terms of executive compensation, the salaries of key personnel appear to be considerable, which may prompt questions about resource allocation within the nonprofit. Overall, while Catholic Star Herald is active in its mission, the lack of transparency and governance issues highlighted by Charity Navigator suggest that potential supporters should exercise caution and seek further information before contributing.

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

Catholic Star Herald is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catholic Star Herald 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: $102,865
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,678

For more financial information, click here

Official website here: www.catholicstarherald.org