California Reading Association

Charity Navigator Rating: 33%

The California Reading Association received a low rating of 33%, resulting in a Zero-Star out of Four Stars designation. This score indicates significant concerns regarding the organization's accountability and financial practices. While the association does excel in having a majority of independent board members and has shown good governance by documenting board meeting minutes, these strengths are overshadowed by its weak financial health.

One of the critical issues noted is the program expense ratio, which stands at only 46.79%, suggesting that less than half of its expenses are directed toward its stated programs. This low percentage raises concerns about the efficiency with which funds are being utilized to achieve its charitable mission. Additionally, the organization has a liabilities to assets ratio of 0.00%, which while indicating no liabilities, does not alleviate the concerns regarding overall financial management and program effectiveness.

Overall, while the California Reading Association has some positive governance attributes, the financial metrics point to significant shortcomings in its operations. Stakeholders and potential donors may want to consider these factors carefully before supporting the organization.

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

California Reading Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Reading Association 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: $37,120
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here