Prentice Place

Charity Navigator Rating: 60%, Two-Star out of Four Stars

Prentice Place has received a Two-Star rating from Charity Navigator, which indicates a need for improvement in financial accountability and transparency. While the organization excels in governance with a fully independent board and strong policies regarding conflicts of interest and whistleblower protections, its financial reporting appears lacking. Notably, the absence of financial statements and postings of required documents on its website have significantly impacted its overall score.

The charity shows a commendable program expense ratio of 67.11%, suggesting that a majority of its resources are directed towards its programs. This is a positive indicator of its commitment to fulfilling its mission. However, the liabilities to assets ratio of 239.29% raises concerns about financial sustainability, as it implies a high level of debt relative to its assets.

In summary, while Prentice Place demonstrates strong governance and a focus on programmatic spending, the lack of transparency and financial reporting could hinder trust among potential donors and stakeholders. Addressing these financial management issues could help the organization improve its standing and effectiveness in the nonprofit sector.

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

Prentice Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prentice Place 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: $422,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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