Okaloosa Academy Inc

Charity Navigator Rating: 79% (Three-Star out of Four Star rating)

Okaloosa Academy Inc has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. The score is based entirely on accountability metrics, with the organization demonstrating a strong commitment to transparency through independent board governance and comprehensive financial oversight. Key strengths include a fully independent board and excellent performance in areas such as conflict of interest and whistleblower policies.

Despite its strengths, the organization has room for improvement, particularly in the program expense ratio, which stands at 56.22%. This indicates that less than two-thirds of its expenses are directed towards programs, which may raise questions about the efficiency of fund utilization. While the organization showcases strong policies and a commitment to fiscal responsibility, enhancing its program spending could further bolster its standing in the nonprofit sector.

Overall, the rating signifies a trustworthy organization with robust governance practices, but potential donors and stakeholders may want to consider its program expense ratio when evaluating its impact in the community.

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

Okaloosa Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Okaloosa Academy 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: $1,591,080

For more financial information, click here

Official website here: www.okaloosaacademy.org