Goya Ministries Inc

Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)

Goya Ministries Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 84%. This score is based solely on the Accountability & Finance beacon, where the organization excels particularly in areas such as independent board composition and financial statement review, earning a perfect score for multiple metrics. The organization operates with a very low liabilities to assets ratio, indicating strong financial health and effective allocation of resources towards its programs.

However, while Goya Ministries demonstrates strengths in its governance structure and program expense ratio, there are notable gaps in its accountability practices. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy raises concerns about the organization's internal controls and transparency. Additionally, the lack of readily available financial documents on their website could hinder potential donors from fully assessing the ministry's operations.

Overall, Goya Ministries Inc shows a commendable commitment to its mission through high program expenditure, but improvements in governance policies and transparency could further strengthen its accountability and trust among stakeholders.

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

Goya Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goya Ministries 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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Official website here: www.goyaministries.org