Old Creamery Theatre Company Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars) - Score: 73%

The Old Creamery Theatre Company Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. With a score of 73%, the organization demonstrates strong accountability in some areas, such as having a fully independent board and proper documentation of board meeting minutes. However, the absence of financial statements and missing policies such as whistleblower and document retention limit its overall accountability and transparency.

The organization exhibits a healthy program expense ratio of 71.03%, suggesting that a significant portion of its expenses is directed toward its programs rather than administrative costs. Additionally, the liabilities to assets ratio is favorable at 2.73%, indicating solid financial stability. However, shortcomings in financial reporting, including the lack of posted tax forms and certain required policies, highlight areas that require attention and improvement.

Overall, while the Old Creamery Theatre Company shows strengths in governance and program spending, it faces challenges in financial transparency and policy adherence that it must address to enhance its rating and better serve its mission.

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

Old Creamery Theatre Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Creamery Theatre Company 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: $44,779
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,682

For more financial information, click here

Official website here: www.oldcreamerytheatre.com