Ibis Friends Of Veterans Charitable Organization Inc

Charity Navigator Rating: 35%

Ibis Friends Of Veterans Charitable Organization Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a very low score in this area, largely due to a complete lack of independent board members, which raises questions about governance and oversight. Additionally, critical policies that ensure transparency, such as conflict of interest and whistleblower policies, are missing, contributing to the low rating.

On a positive note, the charity has a high program expense ratio of 99.37%, suggesting that the majority of its expenses are directed towards its programs rather than administrative costs. This indicates a commitment to its mission of supporting veterans, as funds are being utilized effectively for programmatic purposes. However, the high liabilities to assets ratio of 87.17% raises concerns about the financial health of the organization, as it suggests that the charity may be heavily reliant on borrowed funds or other financial liabilities.

Overall, while Ibis Friends Of Veterans Charitable Organization Inc shows strength in its program expenses, the absence of independent governance and several missing policies highlight significant gaps in accountability. Prospective donors and supporters should consider these factors carefully before contributing to the organization.

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

Ibis Friends Of Veterans Charitable Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ibis Friends Of Veterans Charitable Organization 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: $0

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