Virginia Independence Training Organization Inc

Charity Navigator Rating: 35%

Virginia Independence Training Organization Inc has received a low rating of 35%, resulting in a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the charity's accountability and financial practices. While the organization boasts a fully independent board, it has failed to meet basic financial transparency standards, as indicated by the absence of a website, conflict of interest policy, and whistleblower policy.

The organization shows some positive aspects, such as a strong independent board and the lack of any material diversion of assets. However, the severe shortcomings in financial reporting, particularly the liabilities to assets ratio standing at 256.61%, raise red flags about its fiscal health. The program expense ratio of 56.51% suggests that a little over half of its expenses are directed toward its programs, which is a moderate, but not ideal, allocation of resources.

Overall, the organization needs to address its financial governance and transparency issues to improve its standing. Without significant improvements in these areas, potential donors may find it challenging to trust the charity with their contributions.

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

Virginia Independence Training Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Independence Training Organization 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: $356,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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