Sparc Endowment Fund Inc

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

The Sparc Endowment Fund Inc has received a moderate rating of 73%, indicating room for improvement in various areas of accountability and transparency. The organization boasts a fully independent board, with 100% of its members meeting this criterion, and it has demonstrated effective management of its assets, achieving a 50.28% liabilities to assets ratio. Furthermore, the high program expense ratio of 96.09% suggests that a significant portion of its funds is directed towards its programs rather than administrative costs.

However, the organization does have notable shortcomings, particularly in its disclosure practices. It is missing several important policies on its website, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements raise concerns regarding transparency and governance, which are crucial for maintaining donor trust and compliance with best practices in nonprofit management. Overall, while the organization shows strengths in some areas, addressing these gaps will be essential for improving its rating and public perception.

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

Sparc Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sparc Endowment Fund 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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