Coversa

Charity Navigator Rating: 36% (Zero-Star out of Four Star Rating)

Coversa has received a low score of 36% from Charity Navigator, resulting in a Zero-Star rating. This rating is primarily influenced by its performance in the Accountability & Finance category. Although the organization demonstrates strengths in board independence and the absence of asset diversion, it lacks essential governance policies, such as a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and accountability.

The organization has a fully independent board and adheres to certain financial practices, which are commendable. However, significant shortcomings in program expense ratios and overall financial management raise concerns about its operational effectiveness. Specifically, only 28.61% of its expenses are directed towards programs, which may indicate inefficiencies in resource allocation.

Overall, while Coversa shows some positive aspects in governance, the lack of key policies and low program spending is a significant limitation that could affect its sustainability and trustworthiness as a nonprofit organization.

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

Coversa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coversa 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: $27,500

For more financial information, click here

Official website here: www.coversa.org