Chi Eta Phi Inc

Charity Navigator Rating: Needs Improvement, 67%

Chi Eta Phi Inc has received a two-star rating from Charity Navigator, indicating that there are several areas where the organization could enhance its accountability and financial practices. While the organization has a strong score for having 100% independent board members and no material diversion of assets, it lacks key policies such as a whistleblower and document retention policy, which are essential for transparency and governance.

Strengths of Chi Eta Phi Inc include a healthy liabilities to assets ratio of 2.27%, indicating good financial stability. The organization also allocates a significant portion of its resources to program expenses, with a program expense ratio of 65.27%. These factors suggest that Chi Eta Phi is committed to its mission and effectively uses funds to support its initiatives.

However, the absence of critical policies raises concerns about the organization's governance and risk management practices. The missing whistleblower and document retention policies may hinder accountability and transparency, which are vital for building trust with donors and stakeholders. Addressing these limitations will be essential for improving the organization's overall rating in the future.

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

Chi Eta Phi Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Eta Phi 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: $102,670
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.chietaphi.com