Downtown Memphis Ministry Inc

Charity Navigator Rating: 85% (Three-Star out of Four Stars)

Downtown Memphis Ministry Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in its Accountability & Finance sector. An overall score of 85% indicates the organization demonstrates transparency and responsible financial practices, which are crucial for donor confidence and sustainability.

The evaluation highlights several strengths, including a fully independent board, a well-sized board with three independent members, and an excellent score in financial oversight, demonstrated by their audit and oversight committee. Furthermore, the organization effectively manages its assets, with no material diversion reported, and maintains a robust conflict of interest policy.

However, the ratings also reveal that the majority of the score is derived solely from financial factors, suggesting that while accountability is strong, there may be less focus on other areas such as program impact or community engagement. Despite this, the high program expense ratio indicates a significant portion of funds is directed toward programs, which is a positive sign for overall mission effectiveness.

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

Downtown Memphis Ministry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Memphis Ministry 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: $157,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $980,526

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