Naramake Childrens Scholarship Foundationinc

Charity Navigator Rating: 37%

The Naramake Children’s Scholarship Foundation Inc. has received a low rating of 37%, which translates to a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization's accountability and financial practices, particularly highlighted by the absence of independent board members and inadequate financial transparency. The charity's program expense ratio stands at 0.00%, raising questions about the effectiveness of its operations in fulfilling its mission.

Despite some positive aspects, such as no material diversion of assets and the presence of policies for conflict of interest, whistleblower protection, and document retention, the lack of independent oversight and transparency issues severely detract from its credibility. Additionally, the organization has not made its financial documents available on its website, which is a red flag for potential donors seeking assurance on the charity's operations.

Overall, while the foundation may have certain policies in place, the lack of independent governance, financial oversight, and transparency regarding its expenditures and allocations pose serious limitations. Potential supporters should consider these factors carefully before engaging with the organization.

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

Naramake Childrens Scholarship Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naramake Childrens Scholarship Foundationinc 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: $9,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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