Magnolia Gardens Inc

Charity Navigator rating: 0 stars (38%)

Magnolia Gardens Inc has received a low score of 38%, resulting in a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the organization's accountability and financial practices, particularly the complete lack of independent board members and essential governance policies, such as conflict of interest and whistleblower policies. These deficiencies raise questions about the organization's oversight and transparency.

Despite the low rating, Magnolia Gardens Inc has demonstrated a commendable program expense ratio of 90.67%, indicating that a substantial portion of its expenses is directed towards its programs rather than overhead. This suggests a commitment to its mission, although the lack of independent oversight may undermine its effectiveness and public trust.

Overall, the nonprofit faces serious challenges in governance and financial accountability that could hinder its operations and reputation. To improve, it is crucial for Magnolia Gardens Inc to address these weaknesses by enhancing its board independence and implementing necessary policies that ensure transparency and accountability in its operations.

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

Magnolia Gardens Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Gardens 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: $114,915

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