Faena Arts Inc

Charity Navigator Rating: 78% (Three-Star out of Four Stars)

Faena Arts Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. The organization scored particularly well in areas such as having a fully independent board and robust financial oversight, suggesting strong governance practices. The high scores in policies related to conflict of interest, whistleblower protections, and document retention reflect a commitment to transparency and ethical operations.

However, while the organization performs well in governance, its financial ratios indicate some areas for improvement. The liabilities to assets ratio stands at 62.61%, which suggests a relatively high level of liabilities compared to its assets. Additionally, the program expense ratio of 62.66% indicates that a smaller portion of its expenses are dedicated to programmatic activities than might be ideal, which could raise questions about its overall impact relative to its expenditures.

Overall, Faena Arts Inc demonstrates solid accountability and transparency, but stakeholders might want to look into how effectively the organization allocates its resources towards achieving its mission.

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

Faena Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faena Arts 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: $244,577
Professional Fundraising Fees: $84,350
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.faenaart.org