First Friday Foundation Las Vegas

Charity Navigator Rating: Needs Improvement (66%, Two-Star out of Four Star rating)

First Friday Foundation Las Vegas has received a Two-Star rating from Charity Navigator, indicating that it needs improvement in its overall operations and financial transparency. While the organization has some strong governance practices, such as having an 83% independent board and listing essential policies like conflict of interest and whistleblower protections, it lacks financial statements, which significantly impacts its accountability score.

The financial health of the organization shows a concerning liability to assets ratio of 94.26%, suggesting that liabilities are close to assets, raising potential sustainability issues. However, the program expense ratio is commendable at 83.47%, indicating that the majority of its expenses are directed towards its programs rather than administrative costs.

Despite the strengths in governance and program spending, the absence of financial statements and the high liability ratio highlight areas where the First Friday Foundation must improve to build trust and transparency with its supporters and stakeholders.

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

First Friday Foundation Las Vegas is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Friday Foundation Las Vegas 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: $77,000
Professional Fundraising Fees: $9,600
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.ffflv.org