St Michael's Day School

Charity Navigator Rating: Two-Star out of Four Star rating, 69%

St. Michael's Day School has received a rating of "Needs Improvement" from Charity Navigator, scoring 69%. This rating indicates that the organization has some strengths but also significant areas for growth, particularly in its accountability and financial practices. The school has an impressive program expense ratio of 86.58%, suggesting that a large portion of its resources is directed towards its programs, which is a positive aspect of its operations.

However, the nonprofit faces critical gaps in its governance practices. Notably, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which could enhance transparency and accountability. Additionally, the absence of posted financial statements and tax forms on its website raises concerns about the organization's commitment to openness with its stakeholders.

Despite these challenges, St. Michael's Day School does maintain a strong independent board structure, with 83% of its members being independent. The organization has also demonstrated fiscal responsibility with a low liabilities to assets ratio of 9.77%. Addressing the identified weaknesses in governance could significantly improve its rating in the future.

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

St Michael's Day School is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Michael's Day School 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: $407,505

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Official website here: www.stmichaelsds.com