Buddies Inc

Charity Navigator Rating: 33% (Zero-Star out of Four Stars)

Buddies Inc has received a low rating of 33%, indicating significant concerns regarding its accountability and financial practices. The charity earns full points for having a majority independent board and for not having any material diversion of assets. However, it falls short in several critical areas, including the absence of essential policies and missing documentation on its website.

The organization has not provided a conflict of interest policy, whistleblower policy, or document retention policy, which are crucial for maintaining transparency and trust with donors. Additionally, while the charity does record board meeting minutes, it fails to post its tax forms on its website, which further undermines its accountability. The program expense ratio is relatively low at 45.28%, suggesting that a smaller portion of its funds is being directed toward programs.

Overall, while Buddies Inc has some structural strengths, the lack of compliance with basic governance standards and transparency practices raises significant red flags for potential donors and supporters.

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

Buddies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buddies 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: $0

For more financial information, click here