Atlantic Community Thrift Shop

Charity Navigator Rating: 68%, Two-Star out of Four Star rating

Atlantic Community Thrift Shop has received a two-star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization's score of 68 indicates that while it maintains some good practices, there are significant areas that require improvement.

Strengths of the Atlantic Community Thrift Shop include having a fully independent board, with all members meeting the criteria for independence, and a strong liabilities-to-assets ratio of 0%. The organization demonstrates effective documentation practices by regularly recording board meeting minutes. However, the program expense ratio of 65.83% suggests that while a majority of funds are directed toward its programs, there may still be potential for optimizing its spending.

Limitations are evident in the lack of essential policies and practices, such as a conflict of interest policy, a whistleblower policy, and clear document retention guidelines. Additionally, the absence of a website listed on their tax form and missing tax forms on their website reflects areas where transparency could be improved. Overall, while Atlantic Community Thrift Shop has a sound financial foundation, addressing these policy gaps is crucial for strengthening its accountability and trustworthiness.

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

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

For more financial information, click here