Arab & Chaldean Festival

Charity Navigator Rating: 73%, Two-Star out of Four Stars

The Arab & Chaldean Festival has received a Two-Star rating from Charity Navigator, with an overall score of 73%. This score reflects the charity's performance in the Accountability & Finance beacon, which is the sole factor in this rating. The organization demonstrates strong financial management, indicated by a 0.00% liabilities to assets ratio and an impressive program expense ratio of 97.94%, indicating that the majority of its expenses are directed toward its programs.

Strengths of the organization include having a fully independent board with 100% independent members and the documentation of board meeting minutes. These factors contribute positively to its accountability practices, enhancing transparency and governance. The board size, consisting of six independent members, also aligns with best practices in nonprofit governance.

However, the overall rating remains modest due to the absence of additional beacon scores that could provide a more comprehensive evaluation of the organization’s impact and effectiveness. While financial health is evident, the lack of data on other operational aspects may limit the understanding of the charity's broader contributions to its community.

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

Arab & Chaldean Festival is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arab & Chaldean Festival 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.