Texas Foster Care & Adoption Serv

Charity Navigator Rating: 43%, Zero-Star out of Four Star Rating

Texas Foster Care & Adoption Services has received a low score of 43% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization does not have a majority of independent board members, which raises questions about governance and oversight. Additionally, the charity scored poorly on several financial transparency metrics, including the absence of financial statements on its website and a lack of conflict of interest and whistleblower policies.

Despite these shortcomings, the organization demonstrates a commitment to its mission, as indicated by a strong program expense ratio of 84.41%, suggesting that a substantial portion of its funds is directed toward its programs. However, the high liabilities to assets ratio of 66.79% points to financial instability, which could impact its long-term sustainability and ability to serve the community effectively.

Overall, while Texas Foster Care & Adoption Services is actively working in its sector, the lack of transparency and governance issues highlight areas needing improvement. Potential donors and stakeholders should consider these factors when evaluating their support for the organization.

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

Texas Foster Care & Adoption Serv is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Foster Care & Adoption Serv 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: $237,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,345

For more financial information, click here