Denovo Inc Ascend Academy Charter

Charity Navigator Rating: 69% (Two-Star out of Four Stars)

Denovo Inc Ascend Academy Charter has earned a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization showcases strengths in its governance, with 100% independent board members and effective oversight in its financial statements. Notably, it demonstrates a high program expense ratio of 86.61%, indicating that a significant portion of its funding goes directly to its programs.

However, the charity does face several limitations in its operational policies. Key governance policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy are all missing. Additionally, the organization's liabilities significantly overshadow its assets, with a liabilities to assets ratio of 95.24%, which raises concerns about its financial stability.

Overall, while Denovo Inc Ascend Academy Charter shows a strong commitment to program spending and independent governance, improvements are needed in its policy framework to enhance transparency and accountability. The lack of essential governance policies and a high liabilities to assets ratio suggest that potential donors should carefully consider these aspects before contributing.

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

Denovo Inc Ascend Academy Charter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denovo Inc Ascend Academy Charter 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: $946,479

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Official website here: www.ascendacademycharter.com