Freedom Hky Incorporated

Charity Navigator Rating: 52%, One-Star out of Four Stars

Freedom Hky Incorporated has received a low rating of 52%, indicating concerns regarding its accountability and financial practices. The organization has not demonstrated a commitment to transparency, as evidenced by the absence of independent board members and missing key policies, such as conflict of interest and whistleblower policies. Although the organization’s material diversion of assets is rated highly, the lack of financial statements and meeting minutes raises significant red flags about governance.

The nonprofit has shown strengths in its program expense ratio, with 93% of its expenses going directly to programs. This suggests that the organization is focused on its mission-related activities. However, this high program expense ratio is overshadowed by the lack of transparency and governance structures, which are critical for building trust with donors and stakeholders.

Overall, the one-star rating reflects serious deficiencies in accountability and oversight, which potential supporters should consider when deciding to engage with or donate to Freedom Hky Incorporated. While the organization may effectively direct funds toward its programs, the fundamental governance issues could pose risks to its operations and credibility.

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

Freedom Hky Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freedom Hky Incorporated 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: $47,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,730

For more financial information, click here

Official website here: www.freedomhky.com/