Pryme Corp

Charity Navigator Rating: Needs Improvement (65%)

Pryme Corp has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization has demonstrated strong accountability and financial management, achieving a perfect score in this category. However, the absence of key financial documents and policies suggests that there are significant gaps in transparency and governance.

The majority of Pryme Corp's board members are independent, which positively reflects on its governance structure. Nevertheless, important policies such as conflict of interest, whistleblower, and document retention are missing, which raises concerns about the organization's commitment to best practices in nonprofit management. Additionally, the lack of financial statements available to the public further detracts from its credibility.

Despite these shortcomings, Pryme Corp excels in program expense ratio, with nearly 95% of its expenses directed towards its programs. This indicates a strong focus on fulfilling its mission. However, to enhance trust and confidence among donors and stakeholders, addressing the identified weaknesses in transparency and policy development will be essential.

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

Pryme Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pryme Corp 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: $135,796
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,282

For more financial information, click here