Vien Thong Pagoda

Charity Navigator Rating: 37%, Zero-Star out of Four Star rating.

Vien Thong Pagoda has received a 37% rating from Charity Navigator, resulting in a Zero-Star rating, which indicates significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board of directors and has documented board meeting minutes, it lacks essential financial statements and disclosure of its Form 990 on its website, which detracts from its overall financial health assessment.

The charity does have strengths, such as maintaining a conflict of interest policy and a whistleblower policy, both of which are crucial for governance. However, the absence of financial statements and a low program expense ratio of 49.90% raises questions about the effectiveness of its funding allocation toward its mission. Additionally, the organization has a relatively high liabilities-to-assets ratio of 16.77%, suggesting potential financial risks.

Overall, the rating reflects notable issues in financial reporting and governance practices that stakeholders should consider. Interested parties are encouraged to approach with caution and seek further information regarding the charity's operations and financial practices.

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

Vien Thong Pagoda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vien Thong Pagoda 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: $79,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.vienthongtu.org