Palm Bay Academy

Charity Navigator Rating: 75% (Three-Star out of Four Stars)

Palm Bay Academy has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has received a perfect score for aspects such as having a fully independent board and a strong financial oversight committee, which contribute to its overall accountability. The high program expense ratio of 87.53% suggests that a significant portion of its funds is directed toward its programs, enhancing its operational effectiveness.

The organization demonstrates a commitment to transparency and governance with a conflict of interest policy in place and documented board meeting minutes. This reflects a strong adherence to best practices in nonprofit management. Additionally, the absence of material diversion of assets indicates that the charity operates with integrity and in accordance with its stated mission.

However, while the rating is commendable, it is important for potential donors and supporters to consider the overall performance in a broader context. Ratings based solely on accountability and finance may not capture all aspects of a nonprofit's impact and effectiveness, so interested parties are encouraged to look into other aspects of Palm Bay Academy's operations and community engagement.

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

Palm Bay Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Bay Academy 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: $71,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,979,603

For more financial information, click here

Official website here: www.pba.cs.brevard.k12.fl.us