Playtime Corporation

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Playtime Corporation has received a two-star rating from Charity Navigator, indicating significant areas for improvement, particularly in transparency and governance. The organization scored 67% overall, which is bolstered by its strong accountability measures like having a fully independent board and no material diversion of assets. They also demonstrate financial stability with a 0.00% liabilities to assets ratio and an impressive 100% program expense ratio, suggesting that all expenses are directed towards their programs.

However, the nonprofit faces critical shortcomings in its policies and documentation. There are notable gaps, including missing financial statements, and the absence of key policies such as a conflict of interest policy, whistleblower policy, and document retention policy, which have resulted in poor scores for those areas. Additionally, the organization's website is not listed on its tax form, further diminishing its transparency.

The organization is encouraged to address these deficiencies to improve accountability and trust with its stakeholders. Focusing on enhancing governance practices and ensuring proper documentation could significantly elevate its standing and effectiveness in serving its mission.

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

Playtime Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Playtime Corporation 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: $74,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $495,235

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