Calvary Chapel Magazine

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 62%)

Calvary Chapel Magazine has been rated as needing improvement, with an overall score of 62% which reflects areas of strength and concern. The organization demonstrates a solid program expense ratio of 82.44%, indicating that a significant portion of its funds is directed towards its programs. Furthermore, the board composition is fairly independent, with 66% of its members classified as independent, which can enhance governance and accountability.

However, several key areas require attention to enhance the organization's rating. Notably, the absence of financial statements and missing policies regarding conflicts of interest, whistleblowing, and document retention negatively impact its accountability score. Additionally, while the organization has documented board meeting minutes, the lack of transparency in financial documentation raises concerns about its fiscal stewardship.

Overall, while Calvary Chapel Magazine shows commitment to its mission through effective program spending, it must address its governance and financial reporting gaps to improve its rating and stakeholder trust.

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

Calvary Chapel Magazine is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvary Chapel Magazine 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: $65,367
Professional Fundraising Fees: $0
Other Salaries and Wages: $152,791

For more financial information, click here

Official website here: www.calvarymagazine.org