Sri Deep Madhavananda Ashram Inc

Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)

Sri Deep Madhavananda Ashram Inc has received a two-star rating, indicating that while there are positive aspects to its accountability and financial management, there are critical areas in need of improvement. The organization boasts a perfect score of 100% for accountability and finance, highlighting strengths such as no material diversion of assets and a high program expense ratio of 94.40%. These metrics suggest that the majority of funds are being allocated toward its mission-driven programs.

However, the organization faces challenges related to governance, notably with only 27% of its board members being independent, which is crucial for effective oversight. Additionally, it is missing key policies such as a whistleblower and document retention policy, which raises concerns about transparency and accountability practices. The lack of a posted tax form on the nonprofit's website also detracts from its overall transparency.

In summary, while Sri Deep Madhavananda Ashram Inc demonstrates strong financial stewardship through its high program expense ratio and lack of material asset diversion, it must address governance weaknesses and policy deficiencies to improve its overall rating and public trust.

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

Sri Deep Madhavananda Ashram Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sri Deep Madhavananda Ashram 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

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Official website here: www.yogaindailylifeus.org