Bright Volunteer Fire Co Inc

Charity Navigator Rating: 77% (Three-Star out of Four Star rating)

Bright Volunteer Fire Co Inc has received a commendable 77% rating from Charity Navigator, which translates to a Three-Star designation. This rating is heavily based on their accountability and finance metrics, indicating a strong emphasis on responsible financial management and transparency. The organization has demonstrated robust governance practices, notably achieving full scores in areas such as board independence, whistleblower policy, and asset management.

The organization is particularly strong in its financial ratios, with an impressive program expense ratio of 98.97%, highlighting that the vast majority of its resources are dedicated to its core mission. Additionally, the liability to assets ratio stands at a healthy 11.01%, suggesting that the organization is managing its debts effectively while ensuring the majority of its funds are utilized for operational purposes.

While the overall rating is positive, it is essential for potential donors to continue to monitor the organization's ongoing financial health and mission impact. The organization appears solid in governance and financial management but could benefit from diversifying its accountability metrics to strengthen its overall score further in the future.

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

Bright Volunteer Fire Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bright Volunteer Fire Co 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: $106,359
Professional Fundraising Fees: $0
Other Salaries and Wages: $182,966

For more financial information, click here

Official website here: www.brightfd.org