Karns City Scholastic Foundation Inc

Charity Navigator Rating: 83%, Three-Star out of Four Star rating.

The Karns City Scholastic Foundation Inc has achieved an 83% rating, which reflects a solid level of accountability and finance management. The score is based entirely on a single beacon score, indicating that the organization demonstrates strong practices in several key areas, including having a fully independent board and a favorable liabilities-to-assets ratio. This strong financial position allows for effective resource allocation towards its programs.

Strengths noted in the evaluation include a fully independent board, with 12 members, and no material diversion of assets. The foundation also exhibits good transparency with its documented meeting minutes and tax forms readily available on its website. However, it lacks a whistleblower policy and a document retention policy, which could be areas for improvement to enhance its governance practices.

While the program expense ratio stands at 74.48%, indicating a healthy allocation of funds towards its mission, the absence of a whistleblower policy may raise some concerns about internal safeguards. Overall, the foundation is well-positioned in terms of accountability, though addressing its policy gaps could further strengthen its operations.

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

Karns City Scholastic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Karns City Scholastic Foundation 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.kcasdk12.org/academics