Central Mesabi Medical Foundation

Charity Navigator Rating: 80% (Three-Star out of Four Star rating)

The Central Mesabi Medical Foundation has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The organization earned a high score primarily due to its strong performance in accountability and finance metrics. Specifically, it achieved perfect scores in key areas such as having a fully independent board and maintaining a 0.00% liabilities to assets ratio, showcasing financial stability.

The foundation demonstrates a commitment to transparency and governance, as evidenced by its documented board meeting minutes and an established conflict of interest policy. With an impressive program expense ratio of 89.46%, the majority of its expenditures are directed towards its programs, suggesting that the organization effectively prioritizes its mission-related activities.

However, while the overall rating is strong, it is important for potential donors to consider the organization's reliance on a single beacon score, which can limit the breadth of evaluation. Nonetheless, the Central Mesabi Medical Foundation appears to be a reliable choice for supporters interested in contributing to a well-managed nonprofit.

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

Central Mesabi Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Mesabi Medical Foundation 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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