New Life Beginnings Inc

Charity Navigator Rating: 48%, Zero-Star out of Four Star rating.

New Life Beginnings Inc has received a low score of 48% from Charity Navigator, which reflects significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which raises potential governance issues. Additionally, it has not provided transparent financial statements, leading to a lack of clarity about its financial health and operations.

On a positive note, the organization does have some policies in place, including a conflict of interest policy, whistleblower policy, and document retention policy, all of which scored well in Charity Navigator's evaluation. The liabilities to assets ratio is reasonable, indicating that the organization is managing its debts adequately. However, the high material diversion of assets score is alarming and suggests possible financial mismanagement or unethical practices.

Overall, while New Life Beginnings Inc has established certain governance policies, the absence of independent oversight, lack of financial transparency, and other accountability issues significantly detract from its credibility as a nonprofit organization. Potential donors and supporters may want to exercise caution and seek further information before engaging with the charity.

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

New Life Beginnings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Life Beginnings 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: $132,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,228

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