Omid Multicultural Institute

Charity Navigator Rating: 73%

The Omid Multicultural Institute has earned a Two-Star out of Four Star rating, reflecting a 73% score in accountability and finance. The high percentage of independent board members (88%) and a well-sized independent board contribute positively to governance. The program expense ratio of 88.54% indicates a strong commitment to allocating funds towards its mission.

However, the organization faces significant shortcomings in its financial transparency, as it has not posted financial statements or its tax form on its website. Additionally, the absence of a conflict of interest policy and a whistleblower policy raises concerns regarding governance and accountability practices. While the institute demonstrates some strong aspects, improvements in financial reporting and policy implementation are necessary for a better rating.

Overall, while the Omid Multicultural Institute shows strengths in board independence and mission-focused expenses, its lack of critical financial documents and governance policies highlights areas that require attention for enhancing its credibility and operational effectiveness.

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

Omid Multicultural Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omid Multicultural Institute 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: $19,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $703,797

For more financial information, click here

Official website here: www.omidinstitute.com