Hastings Scottish Rite Foundation

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

The Hastings Scottish Rite Foundation has received a low rating of 54% from Charity Navigator, indicating significant concerns regarding its financial accountability and operational efficiency. While the organization boasts a fully independent board and has strong governance practices, these strengths are overshadowed by its poor program expense ratio and liabilities to assets ratio, both of which reflect financial mismanagement.

The foundation has a high score in governance, achieving perfect marks for its independent board members, conflict of interest policy, and other governance practices. However, its program expense ratio of only 44.46% signals that a substantial portion of its funds may not be directed toward its charitable mission, raising questions about the efficacy of its programs and the impact of its services.

Overall, while the Hastings Scottish Rite Foundation demonstrates strong governance, its low financial ratios suggest a need for improvement in how it allocates its resources. Stakeholders may want to consider these factors when evaluating the organization's effectiveness and sustainability.

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

Hastings Scottish Rite Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hastings Scottish Rite Foundation 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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