There Is More Ministries Inc

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The rating reflects a moderate level of accountability and financial stability for There Is More Ministries Inc. Although the organization demonstrates strong governance with 100% independent board members and no material diversion of assets, there are notable gaps in transparency and policy documentation that have impacted their overall score.

The organization shows robust program spending, with a program expense ratio of 91.54%, indicating that a significant portion of its budget is directed towards its mission-related activities. Additionally, the liabilities to assets ratio is impressively low at 1.12%, signifying a solid financial foundation. However, the absence of a conflict of interest policy, whistleblower policy, and other critical governance policies raises concerns about the organization's commitment to best practices in transparency and accountability.

In summary, while There Is More Ministries Inc. possesses strengths in financial management and governance structure, it faces challenges in transparency and policy documentation that are essential for higher ratings. Addressing these limitations could enhance its credibility and effectiveness in serving its mission.

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

There Is More Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. There Is More Ministries 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: $24,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here