Henry's Inc

Charity Navigator Rating: 22%

Henry's Inc has received a low rating of 22%, leading to a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the organization’s accountability and financial practices. With no independent board members and missing key financial documents on their website, there are substantial transparency issues that could raise red flags for potential donors.

Despite a program expense ratio of 57.95%, indicating that over half of expenditures are directed towards program services, the lack of essential governance practices severely undermines the organization’s credibility. The absence of a conflict of interest policy, whistleblower policy, and appropriate financial statements further illustrates the need for improved governance and compliance measures.

The organization does demonstrate some positive aspects, such as having documented board meeting minutes and no material diversion of assets noted. However, the extremely high liabilities to assets ratio of 491.14% points to financial instability. Overall, potential supporters should exercise caution and seek further information before contributing to Henry's Inc.

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

Henry's Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henry's 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: $1,162,378

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