Cambridge Prep Academy Inc

Charity Navigator Rating: 1-Star out of Four Stars (56%)

Cambridge Prep Academy Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a relatively high program expense ratio of 74.75%, suggesting that a substantial portion of its expenses is allocated towards its mission-related activities. However, the overall score reflects serious deficiencies in financial transparency and governance.

The organization benefits from a fully independent board, which is a positive aspect in terms of governance. However, crucial policies such as a whistleblower policy and document retention policy are missing, raising flags about the organization's commitment to ethical practices and accountability. Additionally, the absence of financial statements and the posting of tax forms on the nonprofit’s website further detracts from its transparency.

The liabilities to assets ratio stands at a concerning 114.59%, indicating that the organization has more liabilities than assets, which could impact its financial stability. Overall, while there are strengths in governance, the lack of essential financial documentation and policies limits the organization's rating and raises concerns for potential donors.

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

Cambridge Prep Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Prep Academy Inc 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: $580,596

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