Park 51 Inc

Charity Navigator Rating: 47%, Zero-Star out of Four Star Rating

Park 51 Inc has received a score of 47%, which translates to a Zero-Star rating. This score reflects concerns primarily related to the organization's accountability and financial performance, indicating that there are significant issues impacting its overall effectiveness and sustainability. The rating is derived entirely from its Accountability & Finance score, suggesting that financial practices may not meet the standards expected by donors.

Despite the low overall rating, the organization demonstrates strengths in governance. All board members are independent, and the organization has established a conflict of interest policy and a document retention policy, both of which are important for transparency and good governance. Additionally, there are no reported material diversions of assets, indicating that the organization's resources are being managed responsibly.

However, the financial metrics reveal serious weaknesses. The liabilities to assets ratio stands at 22.96%, and the program expense ratio is only 7.67%, which raises concerns about the organization's ability to effectively allocate funds toward its mission. These factors contribute significantly to the low rating, suggesting that potential donors should exercise caution and consider these financial indicators before supporting Park 51 Inc.

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

Park 51 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park 51 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: $0

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