Binyamin Fund Inc

Charity Navigator Rating: Needs Improvement (74%)

Binyamin Fund Inc, operating as The Heart Of Israel, has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates solid accountability and finance practices, it has areas that require significant improvement. Notably, the organization scored full marks for accountability measures such as having a majority independent board and documenting board meeting minutes, which reflects a strong commitment to governance.

However, the organization also faces challenges, particularly in its working capital ratio and a lack of certain policies, such as conflict of interest and whistleblower protections, which were rated poorly. Additionally, the absence of their tax form on the nonprofit's website raises transparency concerns. These factors contribute to the overall need for improvement in organizational practices and transparency.

While the financial management appears robust, the organization must address these limitations to enhance its overall rating and public trust. Continued efforts to improve policies and share information transparently will be crucial for future performance and donor confidence.

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

Binyamin Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Binyamin 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.theheartofisrael.org