Presbyterian Homes Of Tampa Inc

Charity Navigator Rating: 79%, Three-Star out of Four Star rating.

Presbyterian Homes Of Tampa Inc has achieved a 79% rating, which reflects a solid performance in terms of accountability and finance. This rating is derived solely from the organization’s financial practices, with no concerns raised regarding the diversion of assets or conflicts of interest. The charity maintains a fully independent board, indicating strong governance and oversight, which is a positive aspect of their operational integrity.

The organization excels in various financial metrics, such as having a perfect score for program expenses, which suggests that all of its resources are being allocated effectively towards its mission. However, the liability to assets ratio of 134.51% raises some concern about financial stability, indicating that the organization's liabilities exceed its assets. This factor could be a limitation to consider for those evaluating the long-term sustainability of the nonprofit.

Overall, while Presbyterian Homes Of Tampa Inc demonstrates strong governance and financial accountability, potential donors and stakeholders may want to carefully assess the implications of its liabilities relative to assets in relation to its ongoing financial health.

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

Presbyterian Homes Of Tampa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presbyterian Homes Of Tampa 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: $219,600

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