Firmkeys Inc

Charity Navigator Rating: 68%, Two-Star out of Four Star Rating

Firmkeys Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of effectiveness and accountability. The organization demonstrates strong governance practices, with a fully independent board of directors and a solid conflict of interest policy. Their program expense ratio is commendable at 100%, suggesting that all of their resources are focused on their mission-related activities.

However, the nonprofit experiences a significant challenge with its liabilities, as indicated by a liabilities to assets ratio of 580.54%, which raises concerns about financial stability. This high ratio suggests that the organization may be relying heavily on debt to finance its operations, which could pose risks to long-term sustainability. Despite this limitation, the charity has maintained transparency by documenting board meeting minutes and posting its tax forms online.

Overall, while Firmkeys Inc shows strengths in governance and program efficiency, potential donors and supporters should consider the financial risks associated with its high liabilities.

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

Firmkeys Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Firmkeys Inc submitted a form 990EZ, 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.