Verge Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 66%)

Verge Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various operational areas. While the organization demonstrates strong accountability through a fully independent board and a favorable liabilities-to-assets ratio, it falls short in critical areas such as financial transparency and policy documentation. These shortcomings are reflected in its overall score of 66%.

The organization excels in maintaining an independent board and has effectively documented board meeting minutes. However, it lacks essential policies like a conflict of interest policy, whistleblower policy, and document retention protocols, which are vital for governance and accountability. Additionally, the absence of its website on tax forms raises questions about transparency and public accessibility of information.

Despite these challenges, Verge Inc maintains a reasonable program expense ratio, suggesting that a majority of its funds are allocated towards intended programs. To enhance its rating and effectiveness, the nonprofit should address its policy deficiencies and improve financial transparency, thereby fostering greater trust among stakeholders.

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

Verge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verge 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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