Mccarthy Holdings Charitable Corporation

Charity Navigator Rating: 71%, Two-Star out of Four Star rating.

Mccarthy Holdings Charitable Corporation received a two-star rating from Charity Navigator, indicating that while it demonstrates some strengths in accountability and finance, there are significant areas of concern. The organization excels in having a fully independent board and maintains a strong program expense ratio of 98.03%, suggesting that the majority of its expenditures are directed toward its charitable mission. Additionally, it shows effective asset management with a low liabilities to assets ratio at 1.31%.

However, the charity faces critical limitations, particularly in transparency and governance practices. Notably, it has failed to provide financial statements, a website listed on its tax form, and essential policies such as conflict of interest and whistleblower policies. These shortcomings hinder its overall accountability and could impact potential donors’ trust in the organization. The lack of these key documents and policies may raise concerns about the organization's operational practices and governance structure.

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

Mccarthy Holdings Charitable Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mccarthy Holdings Charitable Corporation 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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