Hope Hose Company No 2

Charity Navigator Rating: 63%, Two-Star out of Four Star Rating

Hope Hose Company No 2 has received a Two-Star rating from Charity Navigator, indicating a below-average performance in terms of accountability and finance. The overall score is 63%, which primarily reflects the charity's compliance with financial practices and governance standards.

The organization demonstrates strengths in having a fully independent board, with all ten members meeting the criteria for independence. Additionally, there are no recorded material diversions of assets, which is a positive sign for financial integrity. However, the charity has several areas of concern, including missing key policies such as those for conflict of interest and whistleblower protection, which could impact transparency and accountability.

Financially, the charity's liabilities are well managed, as indicated by a 0.00% liabilities to assets ratio. However, its program expenses ratio of 62.37% suggests that a significant portion of its budget may not be directly funding programs, which raises questions about resource allocation. Overall, while there are commendable aspects, the lack of essential policies and lower program expense ratio are limitations that potential donors should consider.

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

Hope Hose Company No 2 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Hose Company No 2 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: $3,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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