Genesis Broadcasting Network Corp

Charity Navigator Rating: 56% (One-Star out of Four Stars)

Genesis Broadcasting Network Corp has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The rating is based solely on a single beacon score that evaluates the charity's financial health and governance. With no independent board members and missing key policies such as conflict of interest and whistleblower protections, the organization shows weaknesses in governance that merit attention from potential donors.

Despite these issues, the organization demonstrates strong financial management, as evidenced by its impressive program expense ratio of 99.83%. This suggests that a substantial portion of its funding is directed toward its programs rather than administrative costs. Additionally, the charity has shown no material diversion of assets, maintaining a solid liability-to-assets ratio of 0.00%.

However, the absence of independent board members and essential governance policies raises questions about transparency and oversight. The charity's website does not provide a posted tax form as required, further contributing to concerns over its accountability practices. Donors may want to consider these aspects before supporting the organization.

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

Genesis Broadcasting Network Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genesis Broadcasting Network Corp 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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Official website here: www.genesisfm.com