Goldensun Peace Ministries

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Goldensun Peace Ministries has received a rating of two stars from Charity Navigator, indicating that the organization needs improvement. With an overall score of 71%, the organization demonstrates some strengths in governance, such as having a fully independent board of directors. The financial management appears stable, as evidenced by a favorable liabilities to assets ratio of 31.30% and a program expense ratio of 75.80%, suggesting that a significant portion of expenses are directed toward its mission.

However, there are notable weaknesses in the organization's accountability and financial transparency. The absence of financial statements and key governance policies, such as a whistleblower policy and a document retention policy, reflects areas for improvement. Additionally, the nonprofit has not made its tax form publicly available on its website, which limits transparency for potential donors and stakeholders.

Overall, while Goldensun Peace Ministries shows promise in its board composition and financial health, addressing the gaps in financial reporting and governance could enhance its accountability and overall rating in the future.

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

Goldensun Peace Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Goldensun Peace Ministries 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: $39,803
Professional Fundraising Fees: $0
Other Salaries and Wages: $846,019

For more financial information, click here