New Beginning Apostolic Church Inc

Charity Navigator Rating: 53%, One-Star out of Four Star Rating. This rating indicates significant concerns regarding the accountability and financial practices of New Beginning Apostolic Church Inc. It reflects a low score primarily due to the absence of independent board members and missing key governance policies, which raises questions about the organization’s transparency and commitment to best practices.

Strengths noted in the evaluation include a strong program expense ratio of 100%, which suggests that all of its expenses are directed towards its programs. Additionally, there were no material diversions of assets reported, indicating that the church maintains integrity in its financial management. However, the lack of independent board members is a critical weakness, affecting the overall governance rating.

Many important policies that promote accountability, such as conflict of interest, whistleblower, and document retention policies, are missing. Furthermore, the church's website was not listed on its tax form, and essential documents are not posted online, further complicating transparency efforts. These gaps in governance and accountability significantly contribute to the organization's low rating.

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

New Beginning Apostolic Church Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Beginning Apostolic Church 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: $31,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,930

For more financial information, click here