New Vic Theatricals Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, Overall Score: 61%)

New Vic Theatricals Inc, operating as The New Vic Theatre, has received a rating of "Needs Improvement" from Charity Navigator, indicating that there are significant areas for the organization to enhance its practices. While the organization demonstrates strong governance with a fully independent board and good program expense management, it struggles with various accountability measures, particularly in having essential policies in place.

One of the key strengths noted is the organization's program expense ratio, which stands at 78%, indicating a commitment to using funds for programmatic activities. However, critical governance documents such as a conflict of interest policy, whistleblower policy, and document retention policy are missing, which raises concerns about transparency and accountability. Additionally, the liabilities to assets ratio is concerning at 174.09%, suggesting potential financial instability.

Overall, while The New Vic Theatre shows dedication to its mission through program spending, the lack of essential policies and high liabilities relative to assets point to the need for improvement in its operational and financial governance practices. Addressing these issues could enhance its standing and effectiveness as a nonprofit organization.

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

New Vic Theatricals Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vic Theatricals Inc submitted a form 990EZ, 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.

Official website here: www.thenewvictheatre.org