Swift Creek Mill Theatre Inc

Charity Navigator Rating: Needs Improvement - 74% (Two-Star out of Four Star rating)

Swift Creek Mill Theatre Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas requiring improvement. The accountability and finance score of 73 suggests that the organization manages its financial resources to an acceptable degree, but there are notable gaps in governance practices, particularly concerning the absence of a whistleblower policy and a document retention policy.

The organization benefits from a fully independent board and has a strong program expense ratio of nearly 80%, indicating that a substantial portion of its budget is allocated to its core activities. Moreover, the theatre has been recognized for having effective financial statements and a lack of material diversion of assets, which bolsters its credibility. However, the liabilities to assets ratio of 118.32% raises concerns about its financial stability, suggesting that liabilities exceed assets.

Overall, while Swift Creek Mill Theatre Inc shows promise with its independent board and program expenses, addressing governance shortcomings and financial liabilities will be crucial for improved ratings and operational efficacy in the future.

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

Swift Creek Mill Theatre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swift Creek Mill Theatre 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: $119,002
Professional Fundraising Fees: $0
Other Salaries and Wages: $380,181

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Official website here: www.swiftcreekmill.com