(402) Arts Collective

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

The 402 Arts Collective has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While it boasts 100% independent board members, the organization has not provided financial statements, which is a critical component of transparency. Critical policies such as whistleblower and document retention are missing, contributing to the low score in the accountability and finance category.

Despite the shortcomings in financial reporting, the organization demonstrates a strong commitment to its mission, with a high program expense ratio of 98.67%. This suggests that nearly all of its resources are directed towards its programs rather than administrative costs. Moreover, the absence of material diversion of assets reflects positively on its operational integrity.

However, the lack of a website listed on its tax form and missing policies point to areas requiring improvement. The organization would benefit from enhancing communication and transparency with stakeholders to build trust and improve its overall rating.

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

(402) Arts Collective is a legitimate nonprofit organization registered as a 501(c)(3) entity. (402) Arts Collective 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: $95,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,419

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