Hoc Associates Inc

Charity Navigator Rating: 68% (Two-Star out of Four Stars)

Hoc Associates Inc has received a rating of 68% from Charity Navigator, signifying a Two-Star rating which reflects moderate performance in their accountability and financial practices. The organization demonstrates strong governance practices with a fully independent board and a commendable program expense ratio of 100%, indicating that all expenditures are directed toward its charitable programs.

However, the nonprofit faces significant challenges in its financial health, as indicated by a liabilities to assets ratio of 105.76%, which suggests that it may have more liabilities than assets. Additionally, the organization is missing key policies such as a whistleblower policy and a document retention and destruction policy, which could be critical for ensuring proper governance and risk management.

While the strengths in board independence and program funding are noteworthy, the financial stability issues and absence of essential policies highlight areas that Hoc Associates Inc needs to address to improve its overall accountability and rating in the future.

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

Hoc Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoc Associates 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.hocassociates.org