Kirkland Foundation

Charity Navigator Rating: 58% (One-Star out of Four Star Rating)

The Kirkland Foundation has received a low rating of 58%, which indicates significant concerns regarding its accountability and financial practices. While the organization has a fully independent board and has not reported any material diversion of assets, it lacks essential financial transparency, as evidenced by missing financial statements and key policies such as a whistleblower policy and document retention guidelines.

One area of strength for the Kirkland Foundation is its high program expense ratio of 93.65%, suggesting that a substantial portion of its resources is directed towards its programs rather than administrative costs. However, the alarming liabilities to assets ratio of 1474.49% raises questions about financial stability and management. Furthermore, while the organization has published its conflict of interest policy and maintains board meeting minutes, the absence of critical documentation on their website is a notable limitation.

In summary, while the Kirkland Foundation demonstrates some positive governance practices, the lack of transparency and critical financial documents impairs its overall rating. Potential donors and stakeholders should carefully consider these factors when evaluating the organization’s effectiveness and reliability.

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

Kirkland Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kirkland 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: $60,963

For more financial information, click here

Official website here: www.kirkland.org