Fayette Progressive Industries Inc

Charity Navigator Rating: 67%, Two-Star out of Four Star Rating

Fayette Progressive Industries Inc has received a 67% score from Charity Navigator, resulting in a Two-Star rating. This rating is calculated based solely on the Accountability & Finance beacon, which evaluates how well the organization manages its resources. The charity has demonstrated a strong commitment to financial transparency and governance, as evidenced by its 100% independent board members and effective documentation of board meeting minutes.

The organization excels in its liabilities to assets ratio, standing at 10.16%, which indicates a solid financial position. Additionally, it has achieved a 100% program expense ratio, meaning that all of its expenses are directed toward its programs, reflecting a strong mission-focus. These strengths contribute positively to its overall financial health and operational credibility.

However, with a Two-Star rating, there are areas for improvement. While the organization shows good accountability practices, the rating suggests that there may be more that can be done to enhance its overall performance, particularly in aspects beyond financial management. Continuous improvement in these areas could help Fayette Progressive Industries Inc achieve a higher rating in the future.

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

Fayette Progressive Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette Progressive Industries 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: $97,423
Professional Fundraising Fees: $0
Other Salaries and Wages: $595,991

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