Brunswick County Economic

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 67%)

Brunswick County Economic has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in certain operational areas. Although it has a strong accountability and finance score of 67%, the lack of transparency in financial statements and missing key governance policies raises concerns about its overall accountability.

The nonprofit boasts a fully independent board, with all members being independent and a solid liabilities to assets ratio of just 3.52%. Furthermore, it demonstrates a healthy program expense ratio of 72.03%, showing that a significant portion of its funds is directed towards its programs. However, the absence of critical documents such as financial statements, conflict of interest policies, and a whistleblower policy reflects areas where Brunswick County Economic could enhance its governance practices.

Despite the strengths in its board composition and program effectiveness, the lack of publicly available financial information and governance policies may hinder trust and transparency with potential donors and stakeholders. Addressing these limitations would be crucial for the organization to improve its rating and foster greater confidence among supporters.

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

Brunswick County Economic is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brunswick County Economic 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: $261,867

For more financial information, click here