Abbot Public Library Fund Inc

Charity Navigator Rating: 36%

Abbot Public Library Fund Inc has received a Zero-Star out of Four Star rating from Charity Navigator, mainly due to its overall score of 36% which reflects serious shortcomings in accountability and financial practices. The rating is solely based on the Accountability & Finance beacon, indicating that while there are areas of strength, such as having a fully independent board and no material diversion of assets, the organization has significant gaps in several critical policies.

The organization scored well on having an independent board and maintaining proper documentation of board meeting minutes, which showcases some governance strengths. However, it has major deficiencies in crucial areas, such as the absence of a conflict of interest policy, whistleblower policy, and document retention policies. Additionally, the lack of a tax form on the nonprofit's website raises transparency concerns.

Financially, the library fund has a low program expense ratio of 15.63%, suggesting that only a small portion of its expenses goes toward actual programming. This, combined with the liabilities to assets ratio of 0.00%, indicates potential financial instability. Overall, while there are some governance strengths, the significant gaps in policy and low program spending are critical issues that potential donors should consider.

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

Abbot Public Library Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abbot Public Library Fund 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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