Friends Of Alcoholics Inc

Charity Navigator Rating: 73% (Two-Star out of Four Stars)

Friends Of Alcoholics Inc has earned a Two-Star rating from Charity Navigator, reflecting a score of 73%. The organization's rating is based solely on its accountability and finance metrics, indicating that while its financial health is sound, there may be other areas needing improvement. The charity demonstrates strong governance practices with a fully independent board and no material diversion of assets, which are positive indicators of organizational integrity.

The nonprofit excels in financial management, as evidenced by a high program expense ratio of 95.35%, suggesting that the majority of its resources are directed towards its mission-related programs. Additionally, it has reported a zero ratio of liabilities to assets, indicating a stable financial position. The documentation of board meeting minutes further emphasizes transparency and accountability in its operations.

However, the overall score being based entirely on financial metrics suggests that there may be limited information available regarding other aspects of the organization's performance and effectiveness. While the strength in financial accountability is commendable, stakeholders may benefit from more detailed insights into program outcomes and impact.

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

Friends Of Alcoholics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Alcoholics 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: $31,044
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,797

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