Exchanged Life Ministries

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

Exchanged Life Ministries has received a "Needs Improvement" rating from Charity Navigator, indicating potential concerns about its governance and transparency practices. The organization scores well in several areas such as having an independent board, a favorable liabilities-to-assets ratio, and a commendable program expense ratio. However, the lack of a conflict of interest policy, whistleblower policy, and a document retention policy negatively affects its overall accountability and finance score.

The strengths of Exchanged Life Ministries include consistent financial management and a commitment to using its funds primarily for program expenses. With an independent board comprising 10 members, the organization demonstrates a solid governance structure. However, the absence of key policies suggests that improvements are needed to enhance its operational integrity and public trust.

In summary, while Exchanged Life Ministries is effectively using its resources for its mission, the lack of essential governance policies has led to its lower rating. Addressing these weaknesses could significantly improve its overall standing and foster greater confidence among potential donors and supporters.

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

Exchanged Life Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Exchanged Life Ministries 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

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