Victory Lakeside Inc

Charity Navigator Rating: Two Stars (64%)

Victory Lakeside Inc has received a two-star rating from Charity Navigator, signifying that it needs improvement in certain areas despite achieving a perfect score in Accountability & Finance. The organization boasts an independent board with 100% of members being independent, which reflects strong governance practices. Additionally, the organization has effectively maintained a high program expense ratio of 95.54%, indicating that the majority of its funds are directed towards programs rather than administrative costs.

However, there are notable limitations in the financial reporting aspect. The organization has not provided financial statements, which has negatively impacted its overall score. Furthermore, key documents, including the tax form and its listing on the nonprofit's website, are missing, which raises concerns about transparency. Although the organization has policies on conflict of interest, whistleblower protection, and document retention, the lack of financial disclosure detracts from its accountability.

In summary, while Victory Lakeside Inc demonstrates strong governance and effective program funding, significant gaps in financial transparency and documentation hinder its rating. Improved reporting practices could enhance its standing and provide more confidence to potential donors and stakeholders.

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

Victory Lakeside Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Victory Lakeside 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,958

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