Proarts Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 62%)

Proarts Inc has received a Two-Star rating due to its overall performance, which indicates that while it shows some strengths in accountability and finance, there are significant areas needing improvement. The organization excels in maintaining an independent board, scoring full points in both the majority independent board members and independent board size categories, reflecting good governance practices.

However, the nonprofit struggles with transparency as evidenced by low scores in financial statement availability and various policy implementations. It received zero points for having a conflict of interest policy, a whistleblower policy, and for not having its financial documents readily accessible on its website, which raises concerns about operational transparency and accountability to donors and stakeholders.

Financially, Proarts Inc shows a favorable liabilities to assets ratio, indicating sound financial health, and maintains a healthy program expense ratio. Nevertheless, the lack of comprehensive financial reporting and policies highlights the need for improvement in these critical areas to foster trust and enhance its operational effectiveness.

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

Proarts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Proarts 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: $111,076

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