Main Street Portsmouth

Charity Navigator Rating: Needs Improvement

Main Street Portsmouth has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 66%. This rating indicates that while the organization has certain strengths, it falls short in several areas of accountability and financial transparency. Notably, the organization boasts a fully independent board and has no material diversion of assets, which are positive indicators of governance.

Despite these strengths, the nonprofit has significant gaps in its policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about its operational practices. Additionally, the organization has not made its tax forms available on its website, which is a critical aspect of transparency for stakeholders and potential donors.

Financially, Main Street Portsmouth maintains a healthy liabilities-to-assets ratio of 0.34%, suggesting good financial stability. However, its program expense ratio of 62.28% indicates that a portion of its funds could be better utilized in programmatic activities. Overall, while the organization shows promise, addressing its policy deficiencies and improving financial transparency could enhance its rating and public perception.

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

Main Street Portsmouth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Portsmouth 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: $43,514

For more financial information, click here

Official website here: www.mspohio.org