Laurens Memorial Home For The Aged Inc

Charity Navigator Rating: 67%, Two-Star out of Four Star rating. Laurens Memorial Home For The Aged Inc has received a Two-Star rating, indicating that while it meets some standards for accountability and finance, there are significant areas that require improvement. The organization has a solid program expense ratio of 91.17%, demonstrating that a substantial portion of its funds is directed toward its programs rather than administrative costs.

The organization benefits from a fully independent board, with all members being independent and a commendably low liabilities to assets ratio of 0.12%. However, the lack of financial statements and various governance policies such as conflict of interest and whistleblower policies raises concerns about transparency and accountability. These missing elements contribute to its lower overall score in the accountability and finance category.

Overall, Laurens Memorial Home For The Aged Inc shows promise with its high program expense ratio and independent board structure. Nevertheless, significant gaps in governance documentation and financial reporting highlight the need for improvements to enhance its credibility and operational effectiveness.

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

Laurens Memorial Home For The Aged Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laurens Memorial Home For The Aged 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: $558,613

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