Impactstory

Charity Navigator Rating: 55%

Impactstory has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. The overall score of 55% reflects some strengths, such as having a fully independent board and effective program expense management, but it also highlights major weaknesses in areas like financial statements and fundraising efficiency.

The organization scored poorly in several key categories, including independent board size and documentation policies, which could hinder its accountability and governance. While it has a robust conflict of interest policy and ensures that tax forms are accessible, the lack of financial reporting and a whistleblower policy raises red flags about its operational integrity.

Despite these challenges, Impactstory appears to allocate its resources effectively towards its programs, achieving a perfect score in program expense ratio. However, the low scores on liabilities to assets and fundraising efficiency suggest that the organization may struggle with financial sustainability and attracting donations in the long term.

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

Impactstory is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impactstory 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: $681,373
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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