Momentum Foundation Inc

Charity Navigator Rating: 73%, Two-Star out of Four Star rating

Momentum Foundation Inc has received a 73% rating from Charity Navigator, which translates to a Two-Star rating. This score indicates that while the organization demonstrates strengths in certain areas, such as having a fully independent board and a high program expense ratio, there are notable gaps in accountability and transparency practices that prevent a higher rating.

The organization excels in governance, with 100% independent board members and a strong liability to assets ratio of 0.00%. Additionally, it documents board meeting minutes and maintains a high program expense ratio, ensuring that a significant portion of its resources is directed towards its charitable activities. However, the absence of essential policies such as a conflict of interest policy and a whistleblower policy raises concerns about organizational oversight.

The lack of transparency is further emphasized by the missing tax form on the nonprofit's website, which is crucial for stakeholders seeking to understand the organization's financial health. To enhance its rating and improve public trust, Momentum Foundation Inc should focus on addressing these accountability weaknesses by implementing and publicly sharing these critical policies.

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

Momentum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Momentum Foundation Inc submitted a form 990EZ, 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.