Illinois Family Institute

Charity Navigator Rating: Two stars (69%)

The Illinois Family Institute has received a two-star rating from Charity Navigator, indicating that it needs improvement in certain areas despite a solid score in accountability and finance. The organization boasts a perfect score for its accountability metrics, highlighting that 88% of its board members are independent and that it has no material diversion of assets. However, the lack of financial statements and missing policies for conflict of interest, whistleblower protections, and document retention are significant concerns.

Financially, the organization shows a strong program expense ratio at 79.62%, suggesting that a large portion of its expenses is directed toward its programs. Additionally, it has a low liabilities to assets ratio of 4.76%, which is a positive indicator of financial stability. However, the absence of publicly available financial documents and certain governance policies reflects a need for better transparency and adherence to best practices in nonprofit management.

Overall, while the Illinois Family Institute demonstrates strengths in program funding and board independence, the gaps in transparency and governance policies are critical areas that require attention to improve its rating in the future.

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

Illinois Family Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Family Institute 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: $119,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,917

For more financial information, click here

Official website here: www.illinoisfamily.org