Air Capital Charities Inc

Charity Navigator Rating: 37% (Zero-Star out of Four Star rating)

Air Capital Charities Inc has received a low rating of 37% from Charity Navigator, resulting in a Zero-Star rating. This score primarily reflects the organization's Accountability & Finance metrics. The charity is notable for having a majority of independent board members and a well-sized independent board, which indicates a commitment to governance and oversight.

However, significant weaknesses are evident in financial transparency and program expenditures. The organization has not provided financial statements, which has heavily impacted its score. Additionally, the high liabilities to assets ratio of 155.07% raises concerns about financial stability, while the program expense ratio of only 31.35% suggests that a limited portion of funds is allocated to actual programs.

Despite a few strong governance practices, such as having conflict of interest and whistleblower policies in place, the overall lack of financial documentation and low program spending indicates that the organization may need to improve in these critical areas to enhance its accountability and effectiveness.

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

Air Capital Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Air Capital Charities Inc 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: $260,237
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,462

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Official website here: www.wichitaopen.com