Fairfax Renaissance Development Corporation

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

The Fairfax Renaissance Development Corporation has achieved a remarkable 96% rating from Charity Navigator, reflecting its strong accountability and financial performance. This high score is derived entirely from a single beacon score, emphasizing the organization's commitment to transparency and responsible management of its finances.

The organization demonstrates exceptional governance, with a fully independent board comprising 18 members, ensuring unbiased oversight. Its financial health is also notable, with a program expense ratio of 89.28%, meaning that a substantial majority of its expenses are directed towards its mission-related activities. The absence of material asset diversions further reinforces the nonprofit's integrity in handling funds.

While the rating is highly positive, it is important to consider that this evaluation is largely based on financial metrics and governance structures. There may be additional aspects of the organization’s impact and community engagement that are not captured by these numbers alone, but the indicators provided suggest a well-managed nonprofit focused on achieving its objectives responsibly.

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

Fairfax Renaissance Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairfax Renaissance Development Corporation 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: $150,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $832,857

For more financial information, click here

Official website here: www.fairfaxrenaissance.org