Waverly Area Development Fund

Charity Navigator Rating: 73% (Two-Star out of Four Star rating)

The Waverly Area Development Fund has received a rating of 73%, which indicates a moderate level of accountability and financial health but falls short of higher benchmarks for nonprofit evaluation. The organization has demonstrated strong governance practices, with a fully independent board and excellent handling of assets, which contributes positively to its overall score.

Strengths of the organization include a high program expense ratio of 99.57%, suggesting that nearly all of its expenses go directly toward its programs. Additionally, the organization has no reported liabilities, enhancing its financial standing. However, the organization has deficiencies in transparency, as it lacks several important policies and documentation commitments, including a conflict of interest policy and whistleblower policy.

While the Waverly Area Development Fund exhibits commendable financial management and governance, its lower rating reflects areas that require improvement in transparency and policy adherence. Potential donors should weigh these factors when considering supporting the organization.

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

Waverly Area Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waverly Area Development Fund 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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