Palacios Medical Foundation

Charity Navigator Rating: One-Star out of Four Stars (50%)

Palacios Medical Foundation has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. With an overall score of 50%, the organization lacks independent board members and has not provided essential financial documents, which raises questions about transparency and governance. While there are no reported issues of asset diversion, the absence of key policies and documentation further complicates its standing.

Despite these shortcomings, the foundation demonstrates a strong program expense ratio of 99.30%, indicating that almost all of its expenses are directed towards its programs instead of administrative costs. This suggests a commitment to its mission, although the lack of oversight mechanisms may hinder its effectiveness and credibility in the long run.

The organization's missing conflict of interest policy, whistleblower policy, and failure to publish tax forms on its website are notable limitations that could impact donor confidence. Overall, while Palacios Medical Foundation shows potential in program spending, urgent improvements in governance and transparency are necessary to enhance its accountability and trustworthiness in the nonprofit sector.

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

Palacios Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palacios Medical Foundation 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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