Lets Grow Akron Inc

Charity Navigator Rating: 38% (Zero-Star out of Four Stars)

Lets Grow Akron Inc has received a low rating of 38% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Although it scores well in terms of not diverting assets, it lacks essential policies such as conflict of interest and whistleblower protections, which are critical for maintaining transparency and accountability.

On the positive side, the charity allocates 80% of its expenses directly to programs, demonstrating a commitment to its mission of community support. However, the overall financial health is a concern, as indicated by a liabilities-to-assets ratio exceeding 100%. This suggests that the organization may be operating under financial strain, which could impact its ability to sustain operations long-term.

Moreover, the absence of a public website listing important documents, including minutes from board meetings and tax forms, further diminishes trust in the organization. Overall, while Lets Grow Akron Inc shows potential in program expenses, its governance and financial management issues warrant caution for potential donors and supporters.

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

Lets Grow Akron Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lets Grow Akron 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: $33,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,842

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