Charlotte Is Creative

Charity Navigator Rating: 39%, Zero-Star out of Four Stars

Charlotte Is Creative has received a low score of 39%, resulting in a Zero-Star rating. This rating indicates significant concerns regarding its accountability and financial practices. While the organization boasts a strong independent board composition and policies for conflict of interest and whistleblowing, it lacks essential financial transparency, such as published financial statements and tax forms on its website.

The program expense ratio stands at 48.68%, suggesting that less than half of its expenses are directed toward its programs. Additionally, the liabilities to assets ratio raises concerns, indicating potential financial instability. The absence of critical financial documentation further exacerbates these issues, leaving potential donors and stakeholders questioning its financial health.

Despite these limitations, the presence of a fully independent board and sound governance policies demonstrates a commitment to ethical oversight. However, the nonprofit will need to address its financial reporting deficiencies to improve its rating and transparency for better stakeholder trust.

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

Charlotte Is Creative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte Is Creative 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: $182,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,875

For more financial information, click here