Enterprise Development Center Of Erie County Inc

Charity Navigator Rating: 67%, Two-Star out of Four Star Rating

The Enterprise Development Center Of Erie County Inc has received a Two-Star rating, indicating a moderate level of accountability and financial health. While the organization scores well in areas such as having a fully independent board and maintaining a high program expense ratio of 91.86%, its overall score is impacted by a concerning liabilities to assets ratio of 70.20%, suggesting potential financial instability.

Strengths of the organization include the presence of an independent board with full compliance on board member independence as well as effective oversight of financial statements, earning top scores in those categories. Additionally, the nonprofit effectively documents its board meeting minutes, contributing to transparency in governance practices.

However, the high liabilities ratio raises questions about the organization's long-term sustainability and ability to manage its financial obligations effectively. While the organization excels in several accountability measures, addressing its financial structure will be essential for improving its rating and ensuring ongoing operational viability.

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

Enterprise Development Center Of Erie County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Enterprise Development Center Of Erie County 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

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