Prodigal Ministries Inc

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.

Prodigal Ministries Inc has received a two-star rating from Charity Navigator, indicating some strengths in its governance but significant areas needing improvement. The organization excels in having a fully independent board and a strong program expense ratio, showing that it directs all its funds toward its mission. However, several critical accountability policies are missing, which raises concerns about its governance practices.

While the nonprofit demonstrates fiscal responsibility with a low liabilities to assets ratio, the absence of essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy indicates potential vulnerabilities in its operations. Additionally, the lack of information provided on its website, which is also not listed on its tax form, suggests a need for better transparency and communication with stakeholders.

Overall, Prodigal Ministries Inc has a solid foundation in certain financial aspects but must address its governance weaknesses to enhance its credibility and effectiveness as a nonprofit organization. Improving its policies and website presence could significantly bolster its accountability and trust with donors and the community.

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

Prodigal Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prodigal Ministries 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: $55,108

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