Life Foundation Inc

Charity Navigator Rating: 40%, Zero-Star out of Four Star Rating

Life Foundation Inc has received a low rating of 40% from Charity Navigator, translating to a Zero-Star rating. This score indicates significant concerns regarding the nonprofit's accountability and financial practices. While the organization benefits from a fully independent board and has no material diversion of assets, it notably lacks essential policies, such as a whistleblower and document retention policy, which are critical for transparency and governance.

The positive aspects of Life Foundation Inc include a well-structured board, as evidenced by scoring full points for board independence and size. Additionally, the organization has successfully maintained proper documentation of board meeting minutes. However, the absence of key financial disclosures, like tax forms on their website, raises red flags about their commitment to transparency.

Financially, the organization struggles with a program expense ratio of only 47.11%, indicating that less than half of its expenses are directed toward its programs. Combined with a liability to assets ratio of 0.00%, these factors suggest potential underlying financial management issues that could affect the charity's long-term sustainability and effectiveness.

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

Life Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Life Foundation 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: $98,509
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,001

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