Bong P-38 Fund Inc

Charity Navigator Rating: 83% (Three-Star out of Four Star rating). This score highlights the organization's strong performance in accountability and finance, which is crucial for donor trust and transparency. The rating indicates a well-managed nonprofit that adheres to best practices in governance and financial oversight.

One of the notable strengths of Bong P-38 Fund Inc is its fully independent board of directors, consisting of 15 members, all of whom are independent. This governance structure promotes unbiased decision-making and enhances the integrity of the organization. Additionally, the charity demonstrates excellent financial health, with a low liabilities-to-assets ratio of 0.41%, indicating solid financial stability.

However, while the program expense ratio stands at a respectable 67.36%, there is room for improvement in this area, as it suggests that a portion of funds is allocated to administrative costs rather than direct program services. Overall, the charity has established a strong foundation in accountability and finance, making it a reliable choice for potential donors.

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

Bong P-38 Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bong P-38 Fund 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: $57,488
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,179

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