Good News Ii Of Statesville Inc

Charity Navigator Rating: One-Star out of Four Stars (58%)

Good News II of Statesville Inc received a One-Star rating from Charity Navigator, which reflects a low overall score of 58%. This rating is based entirely on Accountability & Finance metrics, highlighting the organization’s performance in these areas. The charity's most recent fiscal year was FY2022, and the low score indicates concerns, particularly with financial management.

Despite some strengths, such as having a fully independent board and a high program expense ratio of 75.18%, the organization has significant limitations. Notably, its liabilities to assets ratio stands at an alarming 129.97%, which raises red flags about its financial stability. Additionally, while the charity has documented board meeting minutes and has independent board members, it lacks several essential policies, including a conflict of interest policy and a whistleblower policy.

In summary, while Good News II of Statesville Inc demonstrates strong governance practices with an independent board and effective program spending, its financial challenges and missing policy documentation contribute to a concerning overall rating. Prospective donors should consider these factors when evaluating their support for the organization.

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

Good News Ii Of Statesville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good News Ii Of Statesville 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: $58,258

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