Proverbs 18 10 Ministries Inc

Charity Navigator Rating: 60% (Two-Star out of Four Star Rating)

Proverbs 18 10 Ministries Inc received a 60% rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The organization has a notably low score for board independence, with only 33% of its board members being independent, which may raise questions about governance and oversight. Additionally, the absence of financial statements and a missing website listing on its tax form are significant limitations that affect transparency.

Despite these shortcomings, the organization demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 82.86%, which indicates that a substantial portion of its funds is directed towards its programs. Furthermore, it has a solid liabilities to assets ratio, suggesting that it is managing its financial obligations effectively. It has also implemented a conflict of interest policy and has documented board meeting minutes, showing some level of organizational diligence.

However, the lack of a whistleblower policy and other missing documentation detracts from its accountability, making it crucial for the organization to address these gaps to improve its overall rating. Continued improvements in governance and transparency will be essential for Proverbs 18 10 Ministries Inc to enhance trust and confidence among its stakeholders.

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

Proverbs 18 10 Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proverbs 18 10 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: $253,462
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,974,592

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