Opes Charitable Foundation Inc

Charity Navigator Rating: Needs Improvement

Opes Charitable Foundation Inc received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 71%. The rating reflects strengths in board independence and financial management, as evidenced by the presence of a fully independent board and a low liabilities to assets ratio of 3.56%. Additionally, the organization has a high program expense ratio of 82.17%, indicating that a significant portion of its expenses is directed towards its programs.

However, the foundation faces notable weaknesses that impact its overall evaluation. The absence of financial statements and key policies, such as a whistleblower and document retention, has resulted in a low score in accountability and finance. The lack of transparency regarding financial documentation and governance policies may raise concerns for potential donors regarding the organization's operational integrity.

In summary, while Opes Charitable Foundation Inc demonstrates effective programmatic spending and independent governance, significant gaps in financial transparency and policy development indicate areas that require improvement to enhance trust and accountability among stakeholders.

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

Opes Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opes Charitable Foundation 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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