Old First Ward Community Assoc Inc

Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) - Score: 73%

The Old First Ward Community Association Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization has a solid foundation of governance, as evidenced by having 91% independent board members and a well-structured audit and oversight committee. They also score well in several areas, including having no material diversion of assets and a comprehensive conflict of interest policy.

However, there are notable weaknesses that have impacted their overall score. The organization has not made critical documents, such as their tax form and document retention policies, publicly available, which have contributed to lower scores in transparency. Additionally, the liabilities to assets ratio is a concern, standing at 69.61%, indicating potential financial risk that may affect their operational sustainability.

Despite these limitations, the organization demonstrates a commitment to accountability with a significant portion of its expenses directed toward programs, scoring 66.47% in program expense ratio. Strengthening transparency and addressing financial liabilities could enhance their rating and bolster public trust in their mission.

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

Old First Ward Community Assoc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old First Ward Community Assoc 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: $56,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $180,449

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Official website here: www.old1stward.com