Mendham Independent Hook & Ladder C

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

Mendham Independent Hook & Ladder Co. has received a two-star rating from Charity Navigator, indicating a need for improvement. The organization scored 73% overall, reflecting solid performance in several key areas, such as having a fully independent board and a strong liabilities-to-assets ratio. They demonstrate responsible financial practices with a program expense ratio of 73.79%, which suggests that a significant portion of their expenses is directed toward their mission.

Despite these strengths, the organization has room for growth, particularly in enhancing their accountability and finance practices. Although they have been recognized for documenting board meeting minutes and maintaining a low material diversion of assets, the overall accountability score indicates that there may be areas where transparency or operational efficiency could be improved. These factors contribute to their overall rating and highlight the need for ongoing development.

Overall, while Mendham Independent Hook & Ladder Co. shows positive attributes, the two-star rating serves as a reminder for potential donors to consider the areas where the organization can enhance its practices to ensure a more effective and transparent operation in serving their community.

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

Mendham Independent Hook & Ladder C is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mendham Independent Hook & Ladder C 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: $0

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