Folk Pittsburgh

Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)

Folk Pittsburgh has received a Two-Star rating from Charity Navigator, indicating that there are significant areas needing improvement within the organization's financial and accountability practices. The overall score of 67% reflects positive aspects, such as a high program expense ratio of 98.40%, which suggests that a substantial portion of its funds directly support its mission. Additionally, the organization boasts a fully independent board, which is a strength in terms of governance.

However, several critical shortcomings are noted that impact its overall rating. The organization has not provided financial statements, which significantly detracts from transparency and accountability. Furthermore, essential policies, including conflict of interest, whistleblower, and document retention policies, are missing. The absence of these foundational governance documents raises concerns about the organization's operational integrity and ethical practices.

While Folk Pittsburgh demonstrates a commitment to its programs, the lack of transparency and necessary governance frameworks needs urgent attention to enhance public trust and ensure compliance with best practices in nonprofit management. Without addressing these limitations, the organization may struggle to gain broader support and maintain its mission effectiveness.

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

Folk Pittsburgh is a legitimate nonprofit organization registered as a 501(c)(3) entity. Folk Pittsburgh 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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