Korean Inter-Missions Network

Charity Navigator Rating: 76%, Three-Star out of Four Star rating.

The Korean Inter-Missions Network has received a 76% rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. This score is based entirely on one beacon score, emphasizing the importance of financial transparency and governance in nonprofit operations. A significant strength of the organization is its independent board members, achieving full points for having a majority independent board.

While the organization excels in areas like the material diversion of assets and program expenses, it has notable weaknesses that affect its overall rating. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy were highlighted, with zero points awarded in these categories. Additionally, the lack of documentation for board meeting minutes is a concern, as it impacts the organization's governance transparency.

Overall, the Korean Inter-Missions Network demonstrates strong financial performance but needs to improve its governance policies to enhance its accountability profile. Addressing these limitations would likely strengthen its standing in the nonprofit sector and provide greater assurance to donors and stakeholders.

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

Korean Inter-Missions Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Korean Inter-Missions Network 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

Official website here: www.kimnet.org