Palmetto Promise Institute

Charity Navigator Rating: 69%, Two-Star out of Four Star rating.

Palmetto Promise Institute has received a Two-Star rating, indicating moderate performance in accountability and finance. The organization scores well in areas such as independent board membership and the ratio of program expenses, with a notable 82.23% of its expenditures going directly to programs. However, the absence of financial statements and key policies such as conflict of interest and whistleblower policies raises concerns regarding transparency and governance.

Despite its strengths in certain governance aspects, the charity's overall financial management is hindered by missing documentation, which affects its accountability score significantly. The lack of publicly available financial documents and policies could diminish trust among potential donors or stakeholders. The organization has a 4.58% liabilities to assets ratio, indicating a solid financial position, but the gaps in policy and documentation could impact its reputation and funding opportunities.

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

Palmetto Promise Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmetto Promise Institute 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: $215,577
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,715

For more financial information, click here

Official website here: www.palmettopromise.org