Agape Storage Health Care Services Inc

Charity Navigator Rating: 25%

Agape Storage Health Care Services Inc has received a low rating of 25% from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This score highlights significant concerns regarding the organization’s accountability and financial practices. Notably, the charity has no independent board members and lacks essential policies, such as conflict of interest and whistleblower policies, which are critical for maintaining transparency and governance.

One positive aspect is that the organization reported no material diversion of assets and received full points for its financial statements. However, the alarming liabilities to assets ratio of 245.95% raises serious concerns about its financial health. Additionally, the absence of a website listed on the tax form and missing documentation of board meeting minutes further compounds the issues with transparency.

Overall, while Agape Storage Health Care Services Inc demonstrates some strengths in financial reporting, the lack of independent oversight and missing governance policies are significant limitations. Potential donors and stakeholders should approach with caution, considering the organization's current standing and the implications for its operational integrity.

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

Agape Storage Health Care Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Agape Storage Health Care Services 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: $80,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $417,752

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