Gilead Inc

Charity Navigator Rating: 52% (One-Star out of Four Stars)

Gilead Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall rating is derived entirely from a single beacon score related to Accountability & Finance, where the organization scored well in certain areas, such as having a majority independent board and no material diversion of assets. However, it faced substantial penalties in measures like its liabilities to assets ratio and missing critical governance policies.

The charity's program expense ratio stands at 65.48%, which is a relatively positive indicator of its operational spending on programs. However, the liabilities to assets ratio is troubling at 130.90%, raising questions about the organization's financial stability. Additionally, the lack of key governance documents, including a conflict of interest policy and a whistleblower policy, further diminishes its rating.

While Gilead Inc demonstrates strength with its independent board and transparency in documenting board meeting minutes, the overall lack of essential financial and governance policies presents a significant limitation. These issues could affect its ability to attract support and maintain trust with donors and stakeholders.

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

Gilead Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gilead 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: $0

For more financial information, click here