Hearthstone Fellowship Foundation Inc

Rating from Charity Navigator: 83% (Three-Star out of Four Star rating)

Hearthstone Fellowship Foundation Inc has achieved a solid Three-Star rating with an overall score of 83%, indicating a good level of accountability and financial health. This score is derived entirely from the Accountability & Finance beacon, which highlights the organization's strong governance structure, including a fully independent board consisting of three members and no material diversion of assets.

Strengths of the foundation include a high program expense ratio of 93.17%, demonstrating that the vast majority of its expenditures are directed towards its programs. The organization has also established comprehensive policies, including conflict of interest and document retention policies, which enhance its operational transparency. However, it lacks a whistleblower policy, which is a noted limitation in its governance practices.

While the foundation's liabilities to assets ratio is reasonable at 59.62%, it indicates some level of financial leverage. Overall, Hearthstone Fellowship Foundation Inc appears to maintain a responsible approach to its finances and governance, but the absence of a whistleblower policy suggests room for improvement in fostering an environment of accountability.

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

Hearthstone Fellowship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearthstone Fellowship 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.hearthstonefoundation.org