The Thalian Associaton Of Wilmington Inc

Charity Navigator Rating: 67% (Two-Star out of Four Star rating)

The Thalian Association of Wilmington Inc has received a Two-Star rating due to its score of 67%. This rating reflects the charity's performance in areas of accountability and finance, where it demonstrated strengths such as having a fully independent board and a favorable liabilities to assets ratio, signifying sound financial management. Additionally, the organization has achieved a high program expense ratio, indicating that a significant portion of its expenses are allocated directly to its programs.

While the charity shows strong accountability practices, the overall rating suggests there is room for improvement. Although there are no noted issues related to material diversion of assets, the combined score indicates that there may be other areas where the organization can enhance its transparency and operational effectiveness.

In summary, The Thalian Association of Wilmington Inc has a solid foundation of governance and responsible financial practices, but stakeholders might want to consider the implications of its Two-Star rating when evaluating the effectiveness and impact of the organization.

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

The Thalian Associaton Of Wilmington Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thalian Associaton Of Wilmington 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: $309,433

For more financial information, click here