Pledges Inc

Charity Navigator Rating: One-Star out of Four Stars (53%)

Pledges Inc has received a low rating of 53%, categorized as a One-Star charity. This rating reflects significant concerns in accountability and finance, particularly the lack of independent board members and missing essential policies such as conflict of interest and whistleblower protocols. Although the organization has a high program expense ratio of 99.21%, indicating that almost all of its expenses are directed towards its programs, the absence of governance measures raises questions about its operational transparency.

Strengths noted include the absence of material diversion of assets and a solid liabilities to assets ratio of 0.00%, which suggests that the organization maintains good financial health in terms of its obligations. However, the absence of board meeting minutes and failure to post necessary documents on its website signify a lack of transparency that could impact donor trust.

Overall, while Pledges Inc demonstrates a commitment to programmatic spending, the significant governance and transparency issues highlighted by the low scores in independent oversight and missing policies present serious limitations. Prospective donors may want to consider these factors carefully before engaging with the organization.

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

Pledges Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pledges 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: $0

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Official website here: www.pledges.com