Phi Kappa Tau Foundation

Charity Navigator Rating: 47% (Zero-Star out of Four Star rating)

The Phi Kappa Tau Foundation has received a low rating of 47%, which indicates significant areas of concern regarding accountability and financial management. While the organization excels in leadership and adaptability, achieving a perfect score in this area, its overall financial health raises red flags, particularly due to poor performance in financial metrics.

Strengths noted include a fully independent board and the presence of strong governance policies, such as conflict of interest and whistleblower policies. However, the Foundation's weaknesses are apparent in its financial statements and ratios, which significantly detract from its accountability and finance score. The lack of program expense and working capital ratios indicates potential issues in financial sustainability and effectiveness of its programs.

Although the Foundation has established strategic goals aimed at enhancing membership value and operational efficiency, the current financial concerns may hinder its ability to achieve these objectives. Stakeholders should consider these factors when evaluating the organization's potential impact and trustworthiness.

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

Phi Kappa Tau Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phi Kappa Tau 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: $45,626
Professional Fundraising Fees: $12,727
Other Salaries and Wages: $146,287

For more financial information, click here

Official website here: www.phikappatau.org