Alano Inc

Charity Navigator Rating: 58%, One-Star out of Four Stars

Alano Inc has received a One-Star rating from Charity Navigator, indicating areas of concern in its accountability and financial management. While the organization boasts a strong program expense ratio of 99.94%, demonstrating that nearly all funds are directed towards its programs, it struggles in other financial metrics, particularly with a liabilities to assets ratio of 78.43%, which raises flags about its financial stability.

The charity benefits from a fully independent board, scoring top marks in governance aspects such as board size and the absence of material diversion of assets. This independence suggests a commitment to transparency and ethical oversight. Additionally, the organization maintains thorough documentation of board meeting minutes, which is a positive sign of governance practices.

However, the overall low score reflects significant weaknesses in financial health and sustainability. Stakeholders may want to closely monitor these financial indicators and consider their implications for the charity's long-term viability and ability to fulfill its mission.

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

Alano Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alano 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,203

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