Early Am Steam Engine & Old Eq Soc

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

The Early Am Steam Engine & Old Eq Soc has received a Three-Star rating from Charity Navigator, reflecting a solid overall performance largely based on accountability and finance metrics. The charity shows strengths in board independence, with 100% of its board members being independent, and it has effectively managed its assets, evidenced by a low liabilities-to-assets ratio of 14.20%. Additionally, the charity allocates all its expenses directly to programs, achieving a perfect program expense ratio of 100%.

However, there are notable limitations in terms of governance policies. The organization lacks a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which are essential for transparency and accountability. These gaps contribute to a lower score in the respective governance areas, indicating areas for improvement.

Overall, while the Early Am Steam Engine & Old Eq Soc showcases strong financial management and board independence, addressing its governance policy shortcomings could enhance its ratings further and strengthen stakeholder trust.

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

Early Am Steam Engine & Old Eq Soc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Early Am Steam Engine & Old Eq Soc 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.steamoramapa.com