Adra Scholarship Foundation

Charity Navigator Rating: 76% (Three-Star out of Four Stars)

The Adra Scholarship Foundation has received a Three-Star rating from Charity Navigator, based on a score of 76%. This rating is derived entirely from their Accountability & Finance performance, which highlights the organization's commitment to transparency and effective governance. The foundation's fiscal year 2022 data indicates that it operates with a majority independent board, scoring full points in this category, as well as no material diversion of assets.

Some strengths of the foundation include a high program expense ratio of 86.38%, suggesting that a significant portion of their funding is directed toward their core mission, which is likely focused on providing scholarships. However, the foundation has notable limitations, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, each of which could impact organizational transparency and ethical standards. Despite these gaps, the organization demonstrates responsible financial management, as evidenced by its low liabilities to assets ratio of 0.74%.

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

Adra Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adra Scholarship 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.not applicable