Pato's Magic Soccer Club

Charity Navigator Rating: 64% (Two-Star out of Four Star rating)

Pato's Magic Soccer Club has received a Two-Star rating from Charity Navigator, reflecting a score of 64%. This rating is primarily based on the organization’s accountability and finance metrics. While it boasts strong governance elements, such as having a majority of independent board members, the organization has significant shortcomings, particularly in its financial transparency and policy documentation.

The organization scored well in areas such as material diversion of assets and liabilities to assets ratio, indicating sound financial practices. However, it failed to provide financial statements and lacks essential policies, including conflict of interest and whistleblower policies. These deficiencies contributed to its low overall score, highlighting the need for improved transparency and adherence to best practices in governance.

Despite its flaws, Pato's Magic Soccer Club demonstrates a commitment to its mission, as indicated by its program expense ratio of 66.18%. However, to enhance its credibility and effectiveness, the organization must address its governance gaps and improve its financial reporting practices to foster greater trust among potential donors and supporters.

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

Pato's Magic Soccer Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pato's Magic Soccer Club 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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Official website here: www.patosmagicsoccer.com