Cherry Kids Inc

Charity Navigator Rating: 23%

Cherry Kids Inc has received a low score of 23%, resulting in a Zero-Star out of Four Star rating, indicating serious concerns regarding its accountability and financial practices. While the organization has a fully independent board, it lacks sufficient independent board members, which affects its governance score. The charity shows no material diversion of assets, but significant weaknesses are evident in other areas such as missing policies and failure to meet basic transparency requirements.

The organization’s funding allocation raises red flags, as only 38.11% of its expenses are dedicated to programs, which is below typical standards for effective nonprofits. Additionally, the absence of a conflict of interest policy, whistleblower policy, and document retention policy further highlights deficiencies in operational governance. This lack of essential policies can raise questions about the organization's commitment to transparency and accountability.

Overall, while Cherry Kids Inc demonstrates some positive elements, such as an entirely independent board and absence of asset diversion, the overall rating indicates that it needs significant improvements in financial management and governance practices to enhance its effectiveness and trustworthiness as a nonprofit organization.

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

Cherry Kids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherry Kids 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: $0

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