Open Source Technology Improvement Fund Inc

Charity Navigator Rating: 52%, One-Star out of Four Star rating.

Open Source Technology Improvement Fund Inc has received a low overall rating of 52%, indicating significant concerns regarding its accountability and financial practices. The organization scored particularly poorly on elements such as having an independent board (0% of members are independent) and lacking essential policies like conflict of interest and whistleblower protections. These deficiencies have contributed to its low rating and raise questions about governance and transparency.

Despite the challenges noted in the governance and financial areas, the organization has been successful in directing a considerable portion of its expenses toward programs, with a program expense ratio of 71.59%. This suggests that the funds raised are primarily utilized for the intended mission rather than administrative costs, which is a positive aspect amidst the overall low rating.

However, the lack of financial statements and the absence of key documents such as board meeting minutes and the nonprofit's tax form on its website are significant limitations. These issues could hinder potential donors' confidence in the organization and its ability to effectively manage resources.

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

Open Source Technology Improvement Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Source Technology Improvement Fund 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: $207,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.ostif.org