Raices Cultural Art Association Ltd

Charity Navigator Rating: 0 Stars

Raices Cultural Art Association Ltd has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is a mere 10%, reflecting a lack of independent board members and missing key policies and documentation necessary for transparency and governance. This rating suggests that potential donors should exercise caution before contributing.

The organization's score highlights critical deficiencies, including a complete absence of independent board members, which can impact the integrity of decision-making processes. Furthermore, the lack of foundational policies such as conflict of interest and whistleblower protections raises serious questions about the robustness of its internal governance. The absence of required documentation, including board meeting minutes and the organization’s tax form on its website, further underscores these issues.

While the organization reports no material diversion of assets and a favorable liabilities to assets ratio, these positives are overshadowed by the overall lack of accountability. Without improvements in governance and transparency, the organization may struggle to gain the trust of its stakeholders and the general public, which are vital for its mission's success.

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

Raices Cultural Art Association Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raices Cultural Art Association Ltd 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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