Danville Library Inc

Charity Navigator Rating: 88%, Three-Star out of Four Stars

Danville Library Inc has received a solid rating of 88%, indicating a strong performance in accountability and finance. The organization has earned a Three-Star rating, primarily due to its high score in these areas, reflecting effective financial management and transparency. The rating is derived solely from the Accountability & Finance beacon, which showcases the library's commitment to maintaining a responsible and ethical operational framework.

The nonprofit demonstrates notable strengths, including a fully independent board of directors, with 100% of its members independent. Additionally, the library has an excellent audit and oversight committee, which contributes positively to its financial oversight. The high program expense ratio of 89.84% reveals that the majority of its expenditures are directed toward its core mission, further underscoring its commitment to serving the community.

However, one limitation is the absence of a whistleblower policy and document retention policy, which received zero points. While these areas may not significantly detract from its overall performance, their improvement could enhance the organization's governance practices. Overall, Danville Library Inc shows a strong commitment to accountability and effective use of resources.

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

Danville Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Danville Library 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: $1,208,608

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Official website here: www.boylepublib.org