Koan School

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

Koan School has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement, particularly in its financial transparency. The organization has a high program expense ratio of 94.03%, demonstrating a strong commitment to its mission by directing most of its funds toward programs rather than administrative costs. The board of directors is fully independent, which is a positive aspect of its governance structure.

However, the organization has not provided its financial statements, which severely impacts its overall accountability score. This lack of financial documentation, combined with a high liabilities-to-assets ratio of 81.75%, raises concerns regarding its financial health and transparency. While several policies, such as conflict of interest and whistleblower policies, are in place, the absence of tax forms on its website further detracts from the organization's accountability.

Overall, while Koan School shows strengths in program spending and governance, the significant gaps in financial reporting and transparency contribute to its low rating. Addressing these issues could improve trust and credibility among donors and stakeholders.

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

Koan School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Koan School 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: $72,988
Professional Fundraising Fees: $0
Other Salaries and Wages: $357,308

For more financial information, click here

Official website here: www.koanschool.org