The Cove Ltd

Charity Navigator Rating: Needs Improvement (66%)

The Cove Ltd has received a two-star rating, indicating that while there are solid elements within its governance and accountability, significant areas require improvement. The organization benefits from a fully independent board and maintains strong financial controls, such as a lack of material diversion of assets and a well-managed liabilities to assets ratio. However, its overall score reflects concerns regarding program expense ratios and missing policies related to whistleblower protections and document retention.

Despite a commendable commitment to independent oversight, the Cove Ltd's program expense ratio stands at 53.89%, suggesting that a smaller portion of its budget is directed towards programmatic activities relative to its overall expenses. This could raise questions about the effectiveness and impact of its initiatives. Furthermore, the absence of essential policies, such as those protecting whistleblowers, indicates potential vulnerabilities in its operational framework.

Overall, while The Cove Ltd demonstrates a strong commitment to governance with its independent board structure, the missing policies and lower program expense ratio highlight critical areas for development. Addressing these limitations will be essential for enhancing its effectiveness and increasing donor confidence in its operations.

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

The Cove Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cove Ltd 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $192,803

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