Preparatory School Of The District Of Columbia Inc

Charity Navigator Rating: Needs Improvement

The Preparatory School Of The District Of Columbia Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement. The overall score of 65% reflects both strengths and weaknesses in its accountability and financial practices. While the organization boasts a fully independent board and strong financial statement audits, it falls short in several key areas of transparency and governance.

Notably, the organization lacks essential policies and disclosures, such as a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes. These deficiencies contributed significantly to its lower scoring in the accountability category. Financially, while the program expense ratio is commendable at 69.66%, the liabilities to assets ratio is alarmingly high at 743.24%, suggesting potential financial instability.

In summary, while the Preparatory School Of The District Of Columbia Inc demonstrates some strong governance elements, the absence of critical policies and a concerning financial ratio highlight the need for improved transparency and fiscal management to enhance overall effectiveness and trustworthiness.

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

Preparatory School Of The District Of Columbia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preparatory School Of The District Of Columbia 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $543,382

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