Wol Inc

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in terms of accountability and financial health. With a score of 73 for Accountability & Finance, the Carter Hope Center shows some strengths but also significant areas for improvement.

One of the notable strengths of the Carter Hope Center is its governance structure, featuring a fully independent board composed entirely of 12 members. The organization also performs well in key areas such as financial oversight, with a solid score for audit and oversight committees and no material diversion of assets reported. Additionally, a high program expense ratio of 83.18% indicates that a substantial portion of its expenses is directed towards its mission.

However, there are critical limitations that impact its overall rating. The organization lacks essential policies such as a whistleblower policy and a document retention and destruction policy, which raises concerns about transparency and accountability. Furthermore, the absence of a tax form on the nonprofit's website and a high liabilities to assets ratio of 93.62% suggests potential financial risks that need to be addressed.

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

Wol Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wol 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: $46,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $138,340

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Official website here: www.chcenter.com