Fairhaven Ministries Inc

Charity Navigator Rating: Two Stars (60%)

Fairhaven Ministries Inc has received a Two-Star out of Four Star rating with a score of 60%. This rating indicates that while the organization demonstrates some strengths in governance, such as having a fully independent board and no material diversion of assets, there are significant areas needing improvement, particularly in accountability and finance practices.

The organization shows positive governance metrics, including a fully independent board and proper documentation of board meeting minutes. However, its financial practices are less robust, with a program expense ratio of just under 60%, which suggests that a larger portion of its budget may not be directly benefiting its programs. Moreover, Fairhaven Ministries lacks critical policies, such as a conflict of interest policy and a whistleblower policy, which raises concerns about its internal controls and transparency.

Overall, while Fairhaven Ministries has a strong board structure and maintains low liabilities, the absence of essential policies and missing tax forms on its website highlight a need for significant improvement in governance and financial transparency. Addressing these limitations could enhance the organization's accountability and overall effectiveness.

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

Fairhaven Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairhaven Ministries 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: $93,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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