My Tribute Gift Foundation Inc

Charity Navigator Rating: Two-Star out of Four Stars (62%)

My Tribute Gift Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 62%, which primarily assesses the organization's accountability and financial practices. The rating indicates that while the charity demonstrates strengths in certain areas, there are also significant concerns that impact its overall score.

The organization excels in having a completely independent board, which is a positive sign of governance. It has also demonstrated strong financial oversight, with no material diversion of assets reported and a high ratio of program expenses relative to total expenses. However, the charity has weaknesses in its policies, notably the absence of a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and accountability.

Additionally, the charity's liabilities to assets ratio is concerning at 76.31%, indicating potential financial instability. This high ratio can suggest that the organization may face challenges in meeting its obligations. Overall, while My Tribute Gift Foundation Inc shows potential in program spending and governance, it needs to address its policy gaps and financial ratios to improve its standing and ensure long-term sustainability.

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

My Tribute Gift Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. My Tribute Gift 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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Official website here: www.mytributegift.org