Civic New Markets Support Corporation I

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 71%

Civic New Markets Support Corporation I has received a two-star rating from Charity Navigator, indicating that the organization has room for improvement despite showing strong accountability and finance practices. The organization has a perfect score in several areas, including an independent board and financial audit oversight, suggesting a solid governance structure and commitment to transparency.

However, the rating also highlights some significant limitations, particularly related to missing policies and documentation. The absence of a whistleblower policy and document retention policy, along with a lack of posted tax forms, raises concerns about the organization's adherence to best practices in governance. Additionally, the liabilities to assets ratio is notably high, which may impact financial stability and sustainability.

Overall, while Civic New Markets Support Corporation I excels in governance and program expenses, the missing policies and high liability figures indicate areas where the organization needs to enhance its practices to improve its overall rating and public trust.

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

Civic New Markets Support Corporation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic New Markets Support Corporation I 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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