Lokey Charities Inc

Charity Navigator Rating: Needs Improvement (Two Stars, 73%)

Lokey Charities Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while it meets some performance standards, there are areas needing improvement. The charity has a solid program expense ratio of 96.87%, suggesting that most of its expenses are directed towards its mission rather than administrative costs. Additionally, the organization boasts a fully independent board, which is crucial for impartial governance.

However, there are notable weaknesses highlighted in the rating. The charity lacks critical policies such as a whistleblower policy and a document retention and destruction policy, which could hinder its accountability and transparency. Furthermore, while the board has a majority of independent members, the overall size of independent board members is low, which may limit the diversity of perspectives in leadership.

Overall, while Lokey Charities Inc shows a strong commitment to its programs, the absence of certain governance policies and a small independent board size are limitations that need to be addressed to improve its rating and overall effectiveness. Potential donors and supporters may want to consider these factors when evaluating their support for the organization.

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

Lokey Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lokey Charities Inc submitted a form 990EZ, 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.

Official website here: www.lokeycharities.org