East Lake Community Development Inc

Rating from Charity Navigator: 52% (One-Star out of Four Star rating)

East Lake Community Development Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. The organization scored particularly low in critical areas such as financial statements, where it received no points, which raises questions about its financial reporting and accountability to donors.

On a positive note, the organization boasts a fully independent board, which is a strength in governance. Additionally, it has a high program expense ratio, suggesting that almost all of its expenditures are directed toward its programs rather than administrative costs. However, the lack of a conflict of interest policy, whistleblower policy, and other essential governance documents are serious limitations that could impact the organization's credibility and operational integrity.

Overall, while East Lake Community Development Inc demonstrates a commitment to directing funds toward its mission, the absence of vital financial and governance documentation significantly undermines its effectiveness and trustworthiness as a nonprofit organization. Potential donors should consider these factors when evaluating their support.

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

East Lake Community Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Lake Community Development 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here