Daystar Inc

Rating from Charity Navigator: 87%, Three-Star out of Four Star rating.

Daystar Inc has received a solid Three-Star rating from Charity Navigator, indicating a positive evaluation in terms of accountability and finance. The organization's score is derived entirely from its strong performance in the Accountability & Finance category, where it demonstrated effective governance practices, including having a fully independent board and no material diversions of assets.

The nonprofit excels in several key areas, such as having a high program expense ratio of 87.43%, which suggests a focus on direct services rather than administrative costs. Additionally, the organization has robust policies in place for conflict of interest and whistleblower protection, ensuring transparency and ethical governance. Its financial health is further underscored by a low liabilities-to-assets ratio and a working capital ratio indicating sustainability.

However, the organization's fundraising efficiency ratio shows room for improvement, as it raised only $0.002 for every dollar spent on fundraising. This might suggest that while Daystar Inc is financially sound, it could benefit from refining its fundraising strategies to enhance revenue generation for its programs. Overall, the organization appears to be well-managed and committed to its mission.

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

Daystar Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daystar 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: $104,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,187,322

For more financial information, click here

Official website here: www.daystarfl.org