Friends Of The North Shore Library

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

Friends Of The North Shore Library has earned a Three-Star rating from Charity Navigator, indicating a fair level of performance in accountability and finance. The overall score is solely derived from the Accountability & Finance beacon, which reflects the organization’s commitment to responsible financial practices.

The nonprofit demonstrates notable strengths, including a fully independent board and a strong program expense ratio of 97.89%, suggesting that the majority of funds are directed towards its programs rather than administrative costs. Additionally, it has a solid record of maintaining meeting minutes and no material diversion of assets, which contributes positively to its financial health.

However, the organization has some weaknesses, particularly the absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy. These missing elements may raise concerns about governance practices, which could affect the overall transparency and accountability of the organization.

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

Friends Of The North Shore Library is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The North Shore Library 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.mcfls.org/northshorelibrary/friends.html