Lyric Band Of Hanover

Charity Navigator Rating: 16%

Lyric Band Of Hanover has received a low score of 16%, resulting in a Zero-Star out of Four Star rating. This rating highlights significant concerns regarding the organization's accountability and financial management practices. The lack of independent board members and missing critical policies such as conflict of interest and whistleblower policies raise transparency issues, which are crucial for donor trust and effective governance.

Despite the absence of material diversion of assets and the presence of documented board meeting minutes, the organization's financial ratios indicate serious inefficiencies. With a program expense ratio of only 3.98%, it suggests that a small fraction of funds is actually being directed toward its intended programs, which could point to mismanagement or a lack of operational focus.

Overall, the rating reflects a pressing need for improvement in governance and financial practices to enhance the organization's credibility and effectiveness. Potential donors and stakeholders may wish to approach with caution, given the significant concerns raised by the rating and the absence of key policies that ensure accountability.

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

Lyric Band Of Hanover is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lyric Band Of Hanover 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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Official website here: www.lyricband.org