Impact Loan Fund Inc

Charity Navigator Rating: 96% (Four-Star out of Four Stars) from Charity Navigator.

Impact Loan Fund Inc has earned a Four-Star rating from Charity Navigator, indicating strong performance in accountability and financial health. The charity's score is based solely on its accountability and finance metrics, showcasing a commitment to transparency and responsible management of resources. With a high level of independent board membership and rigorous oversight, the organization demonstrates sound governance practices.

The organization excels in several key areas, including its material diversion of assets, which has been rated as none, and a solid program expense ratio of 72.20%. This suggests that a significant portion of its funds is directed toward its mission-related programs, reinforcing its effectiveness in promoting social impact. Furthermore, the presence of comprehensive policies such as conflict of interest and whistleblower protections reflects a strong ethical foundation.

However, while the charity performs exceptionally well in governance, the single-beacon score means that it has not been evaluated on a broader range of performance metrics, such as program effectiveness or community impact. This limitation makes it essential for potential donors and volunteers to seek additional information about the real-world outcomes of the charity's initiatives.

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

Impact Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Loan Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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