Beacon Of Truth Ministries Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 62%)

Beacon Of Truth Ministries Inc has received a two-star rating from Charity Navigator, indicating a need for improvements in its accountability and financial practices. The organization has a relatively strong program expense ratio of 97.59%, suggesting that a substantial portion of its funding is directed towards its programs. Additionally, the organization boasts 100% independent board members, which is a positive aspect of its governance structure.

However, the organization faces significant shortcomings in several critical areas. Notably, it lacks a conflict of interest policy, whistleblower policy, and document retention and destruction policies, which are essential for maintaining transparency and accountability. Financial statements were also not made available, and the nonprofit has not posted its tax form on its website, limiting public access to vital information regarding its financial health.

While the organization demonstrates a commitment to programmatic spending, the absence of key governance policies and financial transparency raises concerns. It will be important for Beacon Of Truth Ministries Inc to address these limitations to enhance its credibility and effectiveness in serving its mission.

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

Beacon Of Truth Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Of Truth 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

For more financial information, click here