My Lucky Day Inc

Charity Navigator Rating: 50%, One-Star out of Four Stars

My Lucky Day Inc has received a low rating of 50% from Charity Navigator, which translates to a One-Star rating. This score reflects significant shortcomings in accountability and financial management. Notably, the organization lacks independent board members, has not established critical policies such as conflict of interest and whistleblower protections, and has not made its tax forms available on its website.

Despite these challenges, the organization demonstrates some strengths, notably in its program expense ratio and its liabilities to assets ratio, both of which received full marks. This indicates that while the charity is allocating a good portion of its resources to its programs, there are substantial governance issues that need to be addressed to ensure long-term sustainability and transparency.

Users and potential donors should be aware of these governance deficiencies when considering support for My Lucky Day Inc. Strengthening board independence and implementing necessary policies would be essential steps for enhancing the organization’s accountability and improving its overall rating in the future.

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

My Lucky Day Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. My Lucky Day 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: $2,493
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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