Favor Grand Strand

Charity Navigator Rating: Very poor

Favor Grand Strand has earned a zero-star rating from Charity Navigator, with an overall score of 46%. While the organization demonstrates strong accountability and finance practices, scoring 100% in that area, it has significant weaknesses that contribute to its low rating. The board is composed entirely of independent members, which is a positive aspect, but the lack of a whistleblower policy and document retention and destruction policy raises concerns about governance and transparency.

The financial ratios indicate challenges, particularly with a liabilities to assets ratio of 1.84%, which negatively impacts its score. The program expense ratio stands at just 44.10%, suggesting that a smaller portion of its budget is allocated to its programs compared to expenses. This raises questions about the organization's effectiveness in fulfilling its mission and utilizing its funds efficiently.

Despite the organization having an appropriate structure in terms of board independence and governance documentation, the absence of key policies and low program investment illustrates potential areas of improvement. Stakeholders and donors may want to closely evaluate the implications of these ratings when considering support for Favor Grand Strand.

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

Favor Grand Strand is a legitimate nonprofit organization registered as a 501(c)(3) entity. Favor Grand Strand 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: $108,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.favorgs.org