St Lukes Management Co Inc

Charity Navigator Rating: 56%, One-Star out of Four Stars

St. Lukes Management Co Inc has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The rating is solely based on the Accountability & Finance score, which stands at 56%. This score indicates that while the organization has some strong financial practices, such as a high program expense ratio of 92.15%, there are critical weaknesses in governance and transparency.

One of the key issues highlighted is the complete lack of independent board members, which may raise questions about oversight and accountability. Additionally, essential policies such as a whistleblower policy and a document retention policy are missing, further contributing to the low score in accountability. The absence of critical information, such as the organization's website on official documents and the posting of tax forms, indicates a lack of transparency that can be detrimental to stakeholder trust.

Despite an audit score of 15 out of 15 and no material diversion of assets noted, the overall impression of St. Lukes Management Co Inc's governance is concerning. Addressing these accountability gaps and enhancing transparency could significantly improve its rating and public perception.

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

St Lukes Management Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Lukes Management Co 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: $2,313,218

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