Meta Foundation

Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.

The Meta Foundation has received a low score of 33%, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas such as having a majority of independent board members and no material diversion of assets, it has failed to establish critical governance policies. Specifically, the absence of a conflict of interest policy, whistleblower policy, and document retention guidelines raises questions about the organization's operational integrity.

Furthermore, the foundation's financial metrics show a concerning program expense ratio of only 46.11%, suggesting that less than half of its expenditures are directed toward its programs. This, coupled with the absence of its tax forms on its website, further diminishes transparency and may hinder donor confidence. While the organization has commendable board independence, these weaknesses indicate a need for improved governance practices and financial accountability.

In summary, while the Meta Foundation has some strengths in board composition, its overall low rating and lack of essential policies highlight significant areas for improvement. Prospective donors and stakeholders should be cautious and consider these aspects when evaluating the foundation's effectiveness and reliability.

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

Meta Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meta 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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