Calvert Marine Museum Society Inc

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

The Calvert Marine Museum Society Inc has achieved a commendable rating of 91%, indicating strong performance in accountability and finance. With a perfect score for the majority of its governance practices, the organization demonstrates a commitment to transparency and accountability, showing that it has established effective oversight measures and policies, such as conflict of interest and whistleblower policies.

Strengths noted in the assessment include an impressive fundraising efficiency ratio, allowing the nonprofit to raise significant funds at a low cost. The organization also maintains a healthy working capital ratio, suggesting it has adequate resources to meet its short-term obligations. Its low liabilities to assets ratio further highlights its sound financial management.

However, the program expense ratio of 60.71% suggests room for improvement in allocating a larger portion of its budget directly to programs rather than administrative or fundraising expenses. While the organization excels in financial practices, increasing its program spending may enhance its overall impact in the community it serves.

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

Calvert Marine Museum Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calvert Marine Museum Society 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: $223,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.calvertmarinemuseum.com