Lake Wales Retirement Center Inc

Charity Navigator Rating: 66% (Two-Star out of Four Stars)

Lake Wales Retirement Center Inc has received a Two-Star rating from Charity Navigator, indicating a fair performance in terms of accountability and finance. The organization has demonstrated strengths, particularly in its program expense ratio, which stands at 81.23%, indicating a strong commitment to programmatic spending relative to overall expenses. Additionally, the charity has a robust audit and oversight committee, along with established policies for conflict of interest and whistleblower protections.

However, the organization shows room for improvement, particularly in governance practices. With only 33% of its board members being independent, the charity scored low on certain accountability metrics. Furthermore, the liabilities to assets ratio is concerning at 123.89%, suggesting potential financial instability. Another noted limitation is the absence of the tax form on the nonprofit's website, which is a requirement for transparency.

Overall, while Lake Wales Retirement Center Inc shows a commitment to its programs, enhancing governance practices and financial management could significantly improve its rating and public trust.

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

Lake Wales Retirement Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Wales Retirement Center 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: $1,987,935

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Official website here: www.nationalchurchresidences.org