Le Ballet Petit Guild Inc

Charity Navigator Rating: 54%, One-Star out of Four Star rating

Le Ballet Petit Guild Inc has received a low overall score of 54%, resulting in a One-Star rating. This rating is primarily based on the Accountability & Finance beacon, which reveals significant shortcomings in governance practices. Notably, the organization has no independent board members and lacks essential governance policies, such as a conflict of interest policy and a whistleblower policy.

Despite these governance issues, the nonprofit demonstrates positive financial management, with a high program expense ratio of 92.84%. This indicates that a substantial portion of its expenditures is directed toward its charitable programs rather than administrative costs. Additionally, the organization has a low liabilities to assets ratio of 2.06%, suggesting sound financial health in terms of asset management.

However, the absence of financial statements and other critical documentation hampers transparency and accountability. The lack of independent oversight and missing governance policies could pose risks to the organization’s long-term sustainability and public trust. Overall, while Le Ballet Petit Guild Inc shows strong programmatic focus, its governance deficiencies warrant attention and improvement.

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

Le Ballet Petit Guild Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Le Ballet Petit Guild 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: $140,322

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Official website here: www.leballetpetit.org/