Five Star Life Inc

Charity Navigator Rating: Two Stars (Needs Improvement)

Five Star Life Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement with an overall score of 69%. The organization demonstrates strong governance with a fully independent board, scoring full points in areas like independent board membership and the absence of material asset diversion. Additionally, the nonprofit has a commendable program expense ratio of 90.25%, suggesting that a significant portion of its funds is directed towards its programs.

However, the organization faces several challenges highlighted in its accountability and finance practices. Notably, it has not provided financial statements, which significantly impacts its score in this area. Furthermore, the absence of critical policies such as a conflict of interest policy, a whistleblower policy, and document retention guidelines raises concerns about governance and transparency. Lastly, the nonprofit has not posted its tax form on its website, which can affect public trust and accessibility of information.

While Five Star Life Inc shows promise with its strong program focus and independent governance, the lack of essential financial documentation and policies indicates areas that require immediate attention to enhance accountability and transparency.

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

Five Star Life Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Star Life 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: $79,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.fivestarlife.org