Light Of Morning Star Foundation

Charity Navigator rating: 65%, Two-Star out of Four Star rating.

Light Of Morning Star Foundation has received a Two-Star rating primarily due to its low score in the Accountability & Finance category. The charity lacks independent board members and has not provided financial statements, which raises concerns about transparency and governance. While the organization does score well in certain areas, such as program expense ratio and liabilities to assets ratio, the absence of critical documentation and policies significantly impacts its overall rating.

One of the strengths noted is the high program expense ratio of 98.73%, indicating that the majority of funds are directed towards its programs rather than administrative costs. Additionally, the organization has a very favorable working capital ratio, suggesting financial stability. However, these positives are overshadowed by the lack of independent oversight, as evidenced by the absence of an independent board and missing financial records.

Moreover, the charity has not established several essential policies, including a whistleblower policy and document retention protocols, which are vital for effective governance. The missing documentation and policies reflect a need for improvement in organizational practices to enhance accountability and trust with donors and stakeholders.

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

Light Of Morning Star Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Light Of Morning Star Foundation 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: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,600

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