Harbor House Inc

Charity Navigator rating: 96%, Four-Star out of Four Star rating.

Harbor House Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting a strong commitment to transparency and financial accountability. The rating is solely based on the organization's exceptional performance in the Accountability & Finance category, where it scored an impressive 96%. This indicates that Harbor House Inc effectively manages its resources and maintains high standards of governance.

The organization demonstrates an independent and robust board structure, with all board members being independent. Furthermore, it has consistently adhered to best practices, including having a thorough conflict of interest policy and a whistleblower policy in place. Its financial statements are annually audited, and there are no reported material diversions of assets, which enhances its credibility and trustworthiness.

While the overall performance is commendable, it's worth noting that the financial health is further illustrated by a low liabilities-to-assets ratio of 8.77% and a program expense ratio of 84.42%. This suggests that the majority of its expenditures are directed towards fulfilling its mission, although potential donors and stakeholders should remain informed about the organization’s ongoing operational strategies and community impact.

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

Harbor House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harbor House 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: $290,084
Professional Fundraising Fees: $0
Other Salaries and Wages: $474,554

For more financial information, click here

Official website here: www.harborhousememphis.org