The Academy Of Arts

Charity Navigator Rating: Needs Improvement

The Academy of Arts received a two-star rating from Charity Navigator, indicating significant areas for improvement despite a strong accountability and finance score of 100%. The organization demonstrates admirable governance, with full marks for its independent board composition and a solid program expense ratio of 73.45%, suggesting that a substantial portion of resources is allocated towards its mission-driven activities.

However, the nonprofit faces notable transparency issues, as indicated by the absence of required financial statements and necessary policies, such as a conflict of interest policy and a whistleblower policy. These gaps negatively impact the organization’s overall rating and suggest a need for greater attention to governance practices. Additionally, the lack of publicly accessible documents, including board meeting minutes and the tax form on its website, raises concerns about accountability.

In summary, while The Academy of Arts excels in certain financial metrics and board independence, the organization must address its transparency and governance deficiencies to enhance its rating and foster trust among its supporters and the public.

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

The Academy Of Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Academy Of Arts 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: $610,757

For more financial information, click here