Good Friends

Charity Navigator Rating: 84%, Three-Star out of Four Star rating.

Good Friends has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization scored 84% overall, with its fiscal responsibility underlined by a high program expense ratio of 88.72%. This suggests that a significant majority of its expenses directly support its charitable programs, reflecting effective use of donor funds.

The charity boasts a fully independent board, which is a positive aspect for governance, showing that all 21 board members are independent. However, the organization has some shortcomings, particularly in policy areas; it lacks both a conflict of interest policy and a whistleblower policy. Additionally, it does not have a documented retention and destruction policy, which are important for ensuring transparency and accountability.

While Good Friends has demonstrated strong financial management and governance through its audit oversight and the absence of asset diversion, the missing policies indicate areas for improvement that could enhance its overall accountability framework. Addressing these gaps may further bolster donor confidence and support.

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

Good Friends is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Friends 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.goodfriendscharlotte.us