Erie Downtown Partnership

Charity Navigator Rating: 92%, Four-Star out of Four Star rating

The Erie Downtown Partnership has demonstrated a strong commitment to accountability and finance, as reflected in its impressive 92% score from Charity Navigator. This rating is primarily derived from its accountability and finance metrics, indicating that the organization effectively manages its resources and maintains transparency in its operations.

Strengths of the Erie Downtown Partnership include a fully independent board and robust financial practices, evidenced by excellent scores in areas such as financial statements and program expense ratios. The organization has a high program expense ratio of 82.27%, showing a significant commitment to its mission-related activities. Furthermore, the absence of material asset diversion underscores its reliability and integrity in financial matters.

However, there are important limitations noted in its governance practices. The organization is missing key policies such as a whistleblower policy and a document retention and destruction policy, which may affect its overall governance framework. While the organization performs well in financial accountability, it may benefit from strengthening its policies to enhance its operational transparency further.

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

Erie Downtown Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Erie Downtown Partnership 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: $80,107
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,762

For more financial information, click here

Official website here: www.eriedowntown.com