Anchorage Foundation Inc

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization’s performance in accountability and finance, indicating that while it shows some strengths, there are areas that could be improved. A score of 73 suggests that the Anchorage Foundation Inc is performing adequately, but not at the highest standards typically expected from leading nonprofits.

The organization exhibits strong governance, with a fully independent board and effective documentation of board meeting minutes. The high program expense ratio of 90% indicates that a significant portion of its funding is directed towards its programs, which is a positive sign for potential donors. The liabilities to assets ratio of 24.37% is also commendable, showing a relatively low level of debt compared to its assets.

However, the overall Two-Star rating suggests that there may be issues in other areas that require attention for improvement. Key salaries, while not excessively high, could be a focal point for donors who are concerned about administrative costs. Continued focus on enhancing transparency and operational efficiency could further bolster its standing in the nonprofit sector.

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

Anchorage Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchorage Foundation 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: $0

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