Angelo Foundation

Charity Navigator rating: One-Star out of Four Stars (55%)

The Angelo Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The overall score is derived solely from the Accountability & Finance category, where it scored 55%. This low score highlights deficiencies in essential governance practices, particularly in the areas of policy documentation and financial health.

The foundation demonstrates some strengths, such as having a fully independent board with no conflicts of interest, which is crucial for maintaining integrity and transparency. Additionally, the organization shows a commitment to its programs with a high program expense ratio of 85.32%. However, the lack of independent board members and missing policies for conflict of interest and whistleblower protections raise red flags about its operational effectiveness.

On the financial front, the significant liabilities to assets ratio of 130.54% suggests potential sustainability issues. Moreover, the absence of key documents on the nonprofit's website, such as the tax form and various policy statements, undermines transparency and public trust. Overall, the Angelo Foundation needs to address these governance and financial concerns to enhance its credibility and effectiveness in serving its mission.

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

Angelo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Angelo Foundation 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: $12,000

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