Impact Acceptance Corporation

Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.

Impact Acceptance Corporation has received a low score of 34%, indicating significant concerns regarding its financial accountability and transparency. The organization scored poorly in key metrics, particularly in board independence and financial management, contributing to its overall rating. Despite having a conflict of interest policy and whistleblower protections in place, the lack of independent board members and missing financial documentation on its website raise red flags.

While the organization reported no material diversion of assets and maintains proper documentation of board meeting minutes, the low program expense ratio of 24.84% suggests that a minimal portion of its expenditures are directed towards its programs. Furthermore, the high salaries for key personnel could be perceived as disproportionate relative to the organization’s overall financial performance and programmatic impact, further affecting its credibility and donor trust.

Overall, potential donors and supporters should approach Impact Acceptance Corporation with caution, taking into account its low rating and transparency issues as highlighted by Charity Navigator.

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

Impact Acceptance Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Acceptance Corporation 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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