Charles Henderson Memorial Association

Rating from Charity Navigator: 1 Star (59%)

The Charles Henderson Memorial Association has received a low rating of 59%, indicating significant concerns regarding its accountability and financial practices. A major point of concern is the lack of independent board members, which raises questions about governance and oversight. The absence of critical financial documents on the nonprofit's website further diminishes transparency, affecting its overall trustworthiness.

Despite these weaknesses, the organization does show a commitment to its programs, as evidenced by a program expense ratio of 69.02%, meaning a substantial portion of its resources is allocated toward its mission-driven activities. Furthermore, policies related to whistleblowing and document retention are in place, suggesting that there are some frameworks for accountability in operation.

However, the lack of a conflict of interest policy and the absence of financial statements raise red flags about the organization's overall financial health and governance practices. Potential donors and supporters should consider these factors carefully when evaluating the nonprofit's reliability and effectiveness.

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

Charles Henderson Memorial Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles Henderson Memorial Association 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: $34,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,877,451

For more financial information, click here