Community Impact Nc Inc

Rating from Charity Navigator: 67%, Two-Star out of Four Star rating.

Community Impact NC Inc has received a Two-Star rating from Charity Navigator, which indicates room for improvement, particularly in its overall management and financial practices. The charity's score is based solely on its Accountability & Finance metrics, reflecting a strong commitment to transparency and responsible management of funds. Notably, the organization boasts a fully independent board and demonstrates effective oversight with no material diversion of assets.

Strengths of the organization include a perfect program expense ratio, signifying that all of its expenditures are directed towards its programs. The board's independence further enhances the charity's credibility and governance. Additionally, the organization routinely documents board meeting minutes, which underscores its commitment to accountability.

Despite these strengths, the overall score of 67% suggests that there are aspects of its financial health or operational practices that need attention. The liabilities to assets ratio is relatively high at 45.98%, which may indicate potential financial risk in the long term. Therefore, while Community Impact NC Inc shows promise in governance and program management, stakeholders should monitor its financial sustainability.

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

Community Impact Nc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Impact Nc 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: $366,301

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