Discerning Hearts Co Douglas J Lacey Cpa

Charity Navigator Rating: One-Star out of Four Stars (50%)

Discerning Hearts Co Douglas J Lacey Cpa has received a One-Star rating from Charity Navigator, indicating significant concerns regarding accountability and financial transparency. With a score of 50%, the organization lacks an independent board, which raises questions about governance and oversight. Furthermore, there are no financial statements available, suggesting a lack of transparency in their financial dealings.

Despite these issues, the organization demonstrates strong program expense efficiency, as indicated by a program expense ratio of 98.95%. This suggests that the majority of their expenditures are directed towards programs rather than administrative costs. However, the absence of critical policies such as conflict of interest, whistleblower, and document retention policies further detracts from their credibility and operational integrity.

Overall, while Discerning Hearts Co has a commendable focus on program expenses, the lack of financial transparency and governance measures presents significant limitations. Prospective donors and stakeholders should exercise caution and seek further information before engaging with the organization.

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

Discerning Hearts Co Douglas J Lacey Cpa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Discerning Hearts Co Douglas J Lacey Cpa 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: $102,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,958

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