Clyde Development Inc

Charity Navigator Rating: Needs Improvement

Clyde Development Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it needs improvement in certain areas of accountability and financial transparency. The organization has a decent program expense ratio of 82.66%, suggesting that a significant portion of its expenditures directly support its mission. However, areas such as financial statement transparency and the lack of essential policies have negatively impacted its overall score.

The organization boasts a fully independent board, which is a positive sign regarding governance. With 100% of its board members being independent and no material diversion of assets reported, Clyde Development Inc demonstrates a commitment to maintaining integrity in its operations. Nonetheless, the absence of required policies such as conflict of interest and whistleblower protections raises concerns about its operational best practices.

Importantly, the organization's website was not listed on its tax form, and critical financial documents are missing. These gaps highlight a need for improved compliance and public accountability. Strengthening these areas could enhance trust and confidence among donors and stakeholders while potentially improving its rating in the future.

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

Clyde Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clyde Development 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: $69,516
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,256,105

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