Innovative Industries Inc

Charity Navigator Rating: 87% (Three-Star out of Four Stars)

Innovative Industries Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a strong performance in the areas of accountability and finance. The rating is entirely based on their accountability and finance score of 87%, suggesting that the organization is transparent and well-managed in its financial practices. A significant strength noted is the independence of their board members, with a perfect score for having 100% independent members, which enhances credibility and governance.

The organization demonstrates robust financial oversight, evidenced by a thorough audit committee and effective financial management, as indicated by a low liabilities-to-assets ratio of 9.44%. Program expenses are also managed effectively, with nearly 68% of expenses directed towards programs, which shows a commitment to its mission rather than administrative overhead.

While the organization shows strong performance in many areas, the overall score reflects reliance on a singular focus on accountability and finance. It may benefit from enhancing other operational aspects, such as program impact and community feedback, to provide a more comprehensive view of its effectiveness in fulfilling its mission.

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

Innovative Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovative Industries 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,158,372

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