Tony Open

Charity Navigator Rating: 33% - Zero-Star out of Four Star rating.

Tony Open has received a low rating of 33%, indicating significant concerns regarding its accountability and financial practices. While the organization has a fully independent board, which signifies good governance, it lacks essential policies and transparency measures. The charity does not have a conflict of interest policy, whistleblower policy, or document retention policy, which are critical for fostering trust and integrity.

The organization has also failed to provide necessary information on its website, such as its tax form and board meeting minutes, which further diminishes its credibility. Although the charity boasts a 0% liabilities to assets ratio, suggesting it does not have debt, its program expense ratio is only 43.11%. This points to an inefficiency in allocating funds effectively towards its mission.

Overall, while there are some strengths noted in board independence, the significant gaps in policy implementation and transparency raise red flags about the organization's operations and accountability. Potential donors and supporters should consider these factors when evaluating their contributions to this nonprofit.

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

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

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