Charities Of Hope Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Overall Score: 62%)

Charities Of Hope Inc has received a two-star rating from Charity Navigator, indicating areas that require improvement. The organization has an overall score of 62%, which suggests that while it has strengths, there are significant concerns in its financial practices and governance. Notably, the charity has a high program expense ratio of 87.93%, indicating that a substantial portion of its funds goes directly to its programs, which is a positive aspect.

However, the organization faces critical challenges in accountability and transparency. It has no independent board members, which raises red flags regarding governance and the potential for conflict of interest. Additionally, the charity's liabilities to assets ratio is alarmingly high at 204.85%, signaling potential financial instability. Although it has policies in place such as conflict of interest and whistleblower protections, the absence of a posted tax form on its website limits transparency.

Overall, while Charities Of Hope Inc shows commitment through a strong program expense ratio, the lack of independent oversight and high financial liabilities suggests that potential donors should proceed with caution and consider these factors before contributing.

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

Charities Of Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charities Of Hope 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.charitiesofhope.org