Mu Lambda Foundation

Charity Navigator Rating: 34%

The Mu Lambda Foundation has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 34% suggests a lack of transparency and governance, particularly highlighted by the absence of independent board members, which raises questions about oversight and decision-making within the organization.

Despite some positive aspects, such as having listed policies on conflict of interest, whistleblower protections, and document retention, the foundation notably falls short in critical areas like program expense ratio, where only 0.95% of expenses are directed towards its programs. The absence of a website link on their tax form and the failure to post tax documents on their website further diminish their transparency and accessibility to donors and the public.

Overall, while Mu Lambda Foundation has established some necessary policies, the lack of independent oversight and low program expense ratio suggest that potential donors should proceed with caution and seek more information before contributing.

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

Mu Lambda Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mu Lambda Foundation 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.mulambdafoundation.org