Grit Inc

Charity Navigator Rating: 52%, One-Star out of Four Star rating.

Grit Inc has received a low score of 52%, indicating significant areas of concern in its accountability and financial practices. The organization boasts a strong independent board with 83% of members being independent and has maintained proper documentation of board meeting minutes. However, the absence of financial statements and several key policies such as conflict of interest and whistleblower policies raise red flags regarding its governance.

Despite having a healthy program expense ratio of 76.31%, which suggests that a substantial portion of funds is directed toward its programs, the liabilities to assets ratio is concerning at 92.38%. This high ratio indicates potential financial instability. Furthermore, the lack of a publicly accessible website and missing tax forms on its nonprofit site further detracts from its transparency and accountability. Overall, while Grit Inc shows strengths in certain governance areas, the significant gaps in financial reporting and policies warrant caution for potential donors and stakeholders.

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

Grit Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grit 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: $221,108

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