Claret Center Inc

Charity Navigator Rating: 1 Star (59%)

Claret Center Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial management and accountability. Although the organization scores well in governance aspects such as having a fully independent board and clear policies for conflict of interest and whistleblowing, its overall Accountability & Finance score remains low at 59%.

The charity demonstrates strength in maintaining a high percentage of independent board members and has shown no material diversion of assets, which is indicative of good governance practices. However, the program expense ratio of 52.46% suggests that less than half of the organization’s expenses are directed towards its programs and services, raising questions about its operational efficiency and impact.

Overall, while Claret Center Inc has established strong governance policies, the low program expense ratio and overall rating highlight the need for improvement in its financial practices and commitment to programmatic spending. This could affect the charity's ability to fulfill its mission effectively.

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

Claret Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Claret Center 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: $79,265
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,786

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Official website here: www.claretcenter.org