Lawrenceville Fire Company Inc

Charity Navigator Rating: 1 Star (59%)

Lawrenceville Fire Company Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its governance and accountability practices. The organization scored 59% overall, reflecting a need for improvement in its financial transparency and board independence. Notably, there are no independent board members, which detracts from its accountability.

Despite these governance issues, the nonprofit demonstrates a strong program expense ratio of 96.91%, meaning a substantial portion of its funding is allocated directly to its charitable programs. Additionally, the organization has no reported material diversion of assets, suggesting that financial resources are being used as intended. The liabilities to assets ratio is also favorable at 11.68%, highlighting financial stability.

However, the absence of key policies, such as conflict of interest and whistleblower protections, raises red flags about its operational transparency. Furthermore, the lack of independent board members and missing policy documentation indicate potential weaknesses in oversight that may affect donor confidence.

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

Lawrenceville Fire Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrenceville Fire Company 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

For more financial information, click here

Official website here: www.lawrencevillefire.org