Lancaster New York Opera House Inc

Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)

Lancaster New York Opera House Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 96% overall, with its rating derived solely from its excellence in financial practices. This high score highlights the nonprofit's efficiency in managing resources and its transparency in financial reporting.

The organization demonstrates notable strengths, including a fully independent board of directors, with 100% of its board members meeting independence criteria. Additionally, Lancaster New York Opera House Inc has established robust financial oversight mechanisms, such as an Audit and Oversight Committee, and maintains a solid program expense ratio of 73.25%, indicating that a significant portion of its expenses directly supports its mission.

While the ratings underscore the nonprofit's fiscal responsibility, potential donors and supporters should recognize that this evaluation focuses primarily on financial metrics. As such, it may not fully encompass other aspects of organizational effectiveness or community impact beyond financial performance.

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

Lancaster New York Opera House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster New York Opera House 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: $52,011
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,242

For more financial information, click here

Official website here: www.lancasteropera.org