Ashland Area Economic Development Corporation

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)

The Ashland Area Economic Development Corporation has received a two-star rating from Charity Navigator, indicating that it needs improvement. The organization's accountability and finance score is 73%, reflecting strong areas such as a fully independent board and no material diversion of assets. Additionally, it demonstrates a solid program expense ratio of 100%, signifying that all expenses are directed towards programs rather than administrative costs.

However, the organization has several limitations that have affected its rating. Notably, it lacks key governance policies, including a conflict of interest policy and a whistleblower policy, which are essential for transparency and risk management. Additionally, the absence of its website on the tax form and other documentation practices raises concerns about its accessibility and adherence to best practices in nonprofit management.

In summary, while the Ashland Area Economic Development Corporation shows strengths in financial accountability and program expenditure, it faces significant challenges in governance and transparency that need to be addressed to improve its overall rating and effectiveness.

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

Ashland Area Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ashland Area Economic Development Corporation 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: $41,262

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