Acorn Fund Inc C/O Bernard Lanigan

Charity Navigator Rating: 73% (Two-Star out of Four Star rating)

Acorn Fund Inc C/O Bernard Lanigan has achieved a 73% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization performs well in several areas, including the independence and size of its board, which scores a perfect 10 out of 10. Additionally, it has a strong program expense ratio and an acceptable liabilities to assets ratio, suggesting that it allocates a significant portion of its resources towards its programs and maintains a healthy financial state.

However, the charity's rating is hindered by several missing governance policies and information that could improve transparency. Notably, the organization lacks a conflict of interest policy, a whistleblower policy, and documentation retention and destruction policy, each receiving a score of zero. Additionally, its website is not listed on the tax form, which affects the overall transparency of its operations.

While Acorn Fund Inc demonstrates strengths in some areas of financial management, its lack of essential governance practices raises concerns. Improving these aspects could enhance its accountability and overall rating, allowing for greater trust among potential donors and stakeholders.

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

Acorn Fund Inc C/O Bernard Lanigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Acorn Fund Inc C/O Bernard Lanigan 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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