Hershey Library Endowment Trust

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

The Hershey Library Endowment Trust has received a two-star rating from Charity Navigator, indicating that there are areas within the organization that require improvement. The charity's overall score stands at 73%, which reflects a solid program expense ratio of nearly 100%, suggesting that nearly all expenditures support its programs. However, the organization faces significant challenges in accountability and transparency, as evidenced by missing policies and documentation.

One notable strength of the Hershey Library Endowment Trust is its governance structure, with 100% of board members being independent, ensuring a higher level of oversight and conflict of interest mitigation. Additionally, the organization has demonstrated no material diversion of assets, which is a positive indicator of financial integrity.

Despite these strengths, the absence of essential policies such as conflict of interest and whistleblower protections, along with the lack of a website listed on its tax form, raises concerns about its operational transparency. These gaps in oversight could hinder the trust and confidence of potential donors and community members. Improving these areas could significantly enhance the organization's rating and overall effectiveness.

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

Hershey Library Endowment Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hershey Library Endowment Trust 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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