Unite Life

Charity Navigator Rating: Needs Improvement

Unite Life has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant room for improvement, particularly regarding accountability and financial transparency. The organization scored 66%, primarily relying on metrics related to its governance and financial practices. While it has a majority of independent board members, it lacks sufficient independent board size and comprehensive financial statements.

The organization demonstrates strengths in its program expense ratio and fundraising efficiency, ensuring that a large portion of its resources is directed towards its mission. Furthermore, it has established some essential policies, including a conflict of interest policy and documentation for board meeting minutes, which are positive indicators of governance.

However, significant limitations are evident, particularly the absence of a whistleblower policy and a document retention and destruction policy. Additionally, the lack of financial statements detracts from its overall transparency. The working capital ratio also reflects a concerning short-term liquidity position, suggesting the need for better financial management strategies.

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

Unite Life is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unite Life 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: $228,815
Professional Fundraising Fees: $0
Other Salaries and Wages: $845,519

For more financial information, click here

Official website here: www.unitelife.com