Storehouse Ministries Outreach Inc

Charity Navigator Rating: 23%

Storehouse Ministries Outreach Inc, operating as Community Value and Thrift Center, has received a low rating of 23%, which translates to a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the charity's financial practices and accountability. The organization has a notably low program expense ratio of 8.77%, suggesting that a very small portion of its expenditures goes towards its charitable programs.

In terms of governance, the organization has only 42% independent board members, failing to meet optimal standards in this area. While it has a small number of independent board members, the lack of financial statements and the absence of key policies such as a whistleblower policy or document retention policy raise red flags about transparency and oversight.

Despite some positive governance elements, such as the presence of documented board meeting minutes and a conflict of interest policy, the overall lack of critical financial and operational documentation limits accountability. Potential donors and supporters may want to consider these factors before engaging with the organization.

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

Storehouse Ministries Outreach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Storehouse Ministries Outreach 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: $129,263
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,108

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