Atlas Project

Charity Navigator Rating: 0 stars (40%)

The Atlas Project has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant issues regarding its accountability and financial practices. The organization scores poorly in several key areas, with a particularly alarming liabilities to assets ratio of 2300.98%, which raises concerns about its financial stability. While the organization boasts a fully independent board and maintains necessary documentation for board meetings, these strengths are overshadowed by a lack of financial transparency and missing essential policies.

Despite achieving a decent program expense ratio of 55.51%, which suggests that a substantial portion of its funding goes towards programs, the absence of financial statements is a critical limitation. This lack of transparency makes it challenging for donors and stakeholders to assess how funds are being utilized. Furthermore, the absence of conflict of interest, whistleblower, and document retention policies indicates potential governance shortcomings that could affect the organization’s integrity.

Overall, while the Atlas Project has some commendable structural elements, such as a fully independent board, the significant gaps in financial disclosure and policy frameworks highlight serious concerns that potential donors should consider before contributing.

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

Atlas Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlas Project 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: $145,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.atlasproject.org