Foundation Order Of Malta Inc

Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that Foundation Order Of Malta Inc has a solid performance in terms of accountability and finance, achieving a score of 81 in this area. The organization demonstrates a commitment to financial transparency and effective governance through a fully independent board and regular auditing processes.

Strengths of the organization include a strong independent board with all members meeting independence criteria, as well as solid oversight mechanisms such as an Audit and Oversight Committee. Moreover, the charity maintains a low liabilities to assets ratio at 10.90% and a program expense ratio of 67.59%, suggesting that a significant portion of its funds is directed toward programs rather than administrative costs.

However, the organization has noted limitations related to missing policies, specifically a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. The absence of these policies reflects areas where the organization could improve its governance practices. Overall, while the Foundation Order Of Malta Inc shows strong accountability, addressing these missing policies could enhance its operational integrity.

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

Foundation Order Of Malta Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Order Of Malta 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: $10,575

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Official website here: www.ordendemaltacuba.com