Vintage Albuquerque Fine Wine & Art Auction

Charity Navigator Rating: 61%, earning it a Two-Star out of Four Star rating.

Vintage Albuquerque Fine Wine & Art Auction has received a mixed evaluation based on its accountability and financial practices. While the organization scores well in areas such as board independence and asset management, it falls short on key governance policies, including the absence of a conflict of interest policy and a whistleblower policy. This lack of critical policies has impacted its overall rating, reflecting a need for improvement in transparency and accountability.

The organization’s program expense ratio stands at 58.14%, indicating that a little more than half of its expenses are directed towards its programs. This can raise concerns about the efficiency of fund allocation. Other positive aspects include a low liabilities to assets ratio of 8.91%, showcasing a relatively stable financial position. However, the missing documentation policies and failure to post tax forms on its website suggest that Vintage Albuquerque may need to bolster its operational practices to enhance trust with its donors and stakeholders.

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

Vintage Albuquerque Fine Wine & Art Auction is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vintage Albuquerque Fine Wine & Art Auction 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.vintagealbuquerque.org