Katonah Thrift Shop Inc

Charity Navigator Rating: 91%, Four-Star out of Four Stars

Katonah Thrift Shop Inc has achieved a strong 91% rating from Charity Navigator, reflecting its robust performance particularly in the Accountability & Finance beacon. This high score is indicative of the organization's commitment to transparency and responsible financial management, showcasing its effectiveness in utilizing donations to support its mission.

The organization boasts a fully independent board, with all members meeting the criteria for independence. It has established comprehensive policies, including a conflict of interest policy and a whistleblower policy, which contribute to its overall governance structure. The charity also demonstrates sound financial health, evidenced by a low liabilities to assets ratio and a significant program expense ratio, indicating that a majority of its spending goes toward its charitable activities.

While Katonah Thrift Shop Inc excels in several areas, the program expense ratio, although commendable at 67.38%, suggests there may still be room for improvement in terms of maximizing funds directed toward programs versus administrative expenses. Overall, the organization stands out as a well-managed entity with a solid governance framework, promoting confidence among its stakeholders.

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

Katonah Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katonah Thrift Shop 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

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