Academic Abundance Inc

Charity Navigator Rating: One-Star out of Four Stars (58%)

Academic Abundance Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas such as having a majority independent board and a high program expense ratio, the overall score reflects serious deficiencies in governance and policy.

Key strengths include a strong commitment to program expenses, with 87.40% allocated to its programs, demonstrating a focus on mission-driven activities. Additionally, the organization has a fully independent board, scoring full points in that category, and shows good transparency in documenting board meeting minutes. However, the charity has several critical areas where it falls short, particularly in missing essential policies concerning conflict of interest, whistleblower protections, and document retention.

The absence of these policies raises concerns about the overall governance and transparency of the organization. Moreover, the charity's liabilities to assets ratio is notably low, which could indicate financial instability. Potential donors and stakeholders should consider these factors when evaluating Academic Abundance Inc and its effectiveness in fulfilling its mission.

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

Academic Abundance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academic Abundance 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: $40,773

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