Isles Mill 57 Inc

Charity Navigator Rating: 62%, earning it a Two-Star out of Four Star rating.

Isles Mill 57 Inc has received a moderate rating of 62% from Charity Navigator, indicating areas that require improvement, particularly in governance and board composition. The organization scored low in independent board member representation and board size, which are essential for effective oversight and accountability. However, it demonstrated strong performance in other areas, such as having a solid conflict of interest policy and a whistleblower policy in place.

Importantly, Isles Mill 57 Inc has not reported any material diversion of assets, which is a positive sign regarding its financial integrity. The organization also excelled in transparency by maintaining proper documentation, including board meeting minutes. Nevertheless, it falls short in terms of financial health, as reflected in the liabilities to assets ratio, which detracts from its overall financial stability.

While the charity shows strengths in certain accountability measures and program expenses, the lack of independent board members and transparency regarding its financial information on the website raises concerns. Continued efforts to enhance governance practices and financial reporting could improve its standing and effectiveness in the nonprofit sector.

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

Isles Mill 57 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Isles Mill 57 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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Official website here: www.isles.org