Kern Real Estate Foundation

Charity Navigator Rating: 57%, One-Star out of Four Star rating.

The Kern Real Estate Foundation has received a low rating of 57%, which indicates significant concerns regarding its financial health and operational efficiency. While the organization excels in governance aspects, such as having a fully independent board and well-established policies for conflict of interest and whistleblowing, it falls short in financial metrics that assess its program expenses and liabilities.

The foundation boasts a strong commitment to accountability, as evidenced by its perfect scores in areas like independent board composition and the presence of necessary policies. However, its financial ratios reveal a troubling picture, particularly the 100% liabilities to assets ratio, which raises red flags about its financial sustainability. Additionally, the organization allocates only 50% of its expenses toward programs, suggesting less focus on mission-driven work compared to operational costs.

Overall, while Kern Real Estate Foundation demonstrates solid governance practices, its financial performance poses risks that potential donors and stakeholders should consider. Improved focus on program spending and overall financial health would be essential for enhancing its standing and effectiveness as a nonprofit organization.

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

Kern Real Estate Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kern Real Estate Foundation 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

For more financial information, click here

Official website here: www.kernfoundation.org