Northeast Academy

Charity Navigator Rating: Two-Star out of Four Stars, 69%

Northeast Academy has received a "Needs Improvement" rating from Charity Navigator, indicating some weaknesses in its accountability and financial practices. While the organization boasts a fully independent board and demonstrates a very high program expense ratio of 94.61%, indicating a strong commitment to its mission, it falls short in several critical governance areas. The absence of financial statements and key policies, such as a conflict of interest and whistleblower policy, has significantly impacted its overall score.

The board's structure is a strength, with 100% independent members and proper documentation of board meeting minutes. However, the lack of transparency in financial reporting and the absence of certain governance policies raises concerns about the organization's accountability. The liabilities to assets ratio is very low at 1.38%, suggesting that the organization is not overly leveraged, which is a positive aspect.

Overall, while Northeast Academy shows promise in its programmatic focus and governance structure, the significant gaps in financial transparency and policy implementation highlight areas that require attention and improvement to enhance its credibility and effectiveness moving forward.

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

Northeast Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Academy 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: $626,121

For more financial information, click here

Official website here: www.northeasteaglesnc.com