Little Bulgarian School In Chicago

Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)

The Little Bulgarian School in Chicago has received a Two-Star rating from Charity Navigator, indicating room for improvement, particularly in its financial performance. It boasts a strong Culture & Community score of 93 and demonstrates robust accountability practices with 100% independent board members and comprehensive policies in place. However, the organization faces challenges with its Program Expense Ratio, which is notably low at 49.13%, suggesting a need for better resource allocation towards its programs.

While the organization excels in feedback collection and usage, scoring 100 in both areas, its financial metrics reveal a Liabilities to Assets Ratio of 59.43%, a figure that could raise concerns regarding financial stability. Nevertheless, the Little Bulgarian School has a solid framework for governance, with board meeting minutes documented and an established conflict of interest policy.

In summary, while the Little Bulgarian School demonstrates strong governance and community engagement, it needs to address its financial management, particularly in program expenses, to improve its overall effectiveness and sustainability as a nonprofit organization.

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

Little Bulgarian School In Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Little Bulgarian School In Chicago 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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