Harbor Counseling Inc

Charity Navigator Rating: Needs Improvement

Harbor Counseling Inc has received a two-star rating from Charity Navigator, indicating that the organization has room for improvement, particularly in the areas of accountability and finance. The overall score of 62% reflects a solid foundation in governance, with a fully independent board and a well-structured audit process. However, the organization has significant gaps in key policies and financial reporting practices.

The organization has a strong board and has effectively managed its assets with no material diversions reported. This reflects positively on its governance practices, but the absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and accountability. Additionally, the lack of posted financial documents and a high liabilities-to-assets ratio could indicate potential financial vulnerabilities.

While Harbor Counseling Inc does allocate a decent portion of its budget to programs, with a program expense ratio of 60.82%, the financial health of the organization is a notable concern. Improvements in financial transparency and policy implementation will be essential for enhancing trust and ensuring long-term sustainability.

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

Harbor Counseling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor Counseling 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: $71,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $579,789

For more financial information, click here

Official website here: www.harbor-counseling.org