Fab Lab El Paso

Charity Navigator Rating: One-Star out of Four Stars (52%)

Fab Lab El Paso has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. This low score is primarily based on a lack of independent board members and missing essential policies and financial documentation, which are critical for transparency and governance. A noteworthy positive aspect is its program expense ratio, which demonstrates that a substantial portion of its budget is allocated to program services.

The organization has zero independent board members, raising questions about its governance structure. Additionally, it has not provided any financial statements or key policies, such as conflict of interest and whistleblower protections, which could undermine confidence in its operations. While the charity does maintain board meeting minutes, the overall absence of transparency measures further impacts its rating.

Despite these challenges, Fab Lab El Paso has a solid program expense ratio of 70.63%, indicating a commitment to its mission-related activities. However, to improve its standing and build trust with donors and the community, the organization will need to address its governance issues and enhance its financial transparency significantly.

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

Fab Lab El Paso is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fab Lab El Paso 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: $93,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $130,842

For more financial information, click here