Smith Point Sea Rescue

Charity Navigator Rating: 90%, Four-Star out of Four Star rating

Smith Point Sea Rescue has achieved a commendable score of 90%, indicative of a highly effective organization in terms of accountability and finance. This rating reflects the charity's strong governance practices, with a fully independent board comprised of seven members and no reported diversion of assets. Additionally, the organization maintains transparency by listing its website on tax forms and has a clear conflict of interest policy in place.

The charity's financial metrics showcase a solid performance, evidenced by a program expense ratio of 89.20%, meaning a significant portion of its funding is directed toward its mission. Furthermore, it boasts a liabilities to assets ratio of 0.00%, highlighting its strong financial position. However, the absence of a whistleblower policy is a noted limitation in its governance practices, suggesting an area for potential improvement.

Overall, Smith Point Sea Rescue stands out as a well-managed nonprofit with a solid commitment to transparency and accountability. While there are minor areas for development, such as enhancing its whistleblower protections, the organization demonstrates a robust capacity to utilize resources effectively for its life-saving mission.

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

Smith Point Sea Rescue is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smith Point Sea Rescue 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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Official website here: www.smithpointsearescue.com