Legacy Theatre Inc Nfp

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Legacy Theatre Inc Nfp has received a Two-Star rating from Charity Navigator, indicating areas needing improvement, particularly in its transparency and governance practices. With an overall score of 73%, the organization demonstrates solid performance in certain financial aspects, such as a low liabilities-to-assets ratio and a strong program expense ratio, which suggest effective use of resources towards its mission.

Despite its strengths, the nonprofit faces significant shortcomings in accountability and transparency. Key documents, including its tax forms and policies on conflict of interest, whistleblowing, and document retention, are not available on its website. This lack of transparency can raise concerns among potential donors about governance practices and financial accountability.

The organization does have a fully independent board, scoring the maximum points in that area, which reflects a positive aspect of its governance structure. However, the absence of essential policies and publicly accessible documentation may hinder its credibility and trust among stakeholders. Addressing these issues could enhance its rating and overall impact in the community.

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

Legacy Theatre Inc Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Theatre Inc Nfp 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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