Black River Area Development Corp

Black River Area Development Corp has earned a Four-Star out of Four Star rating from Charity Navigator with a score of 94%, reflecting excellent fiscal health and accountability. This high score indicates a strong financial structure, ensuring that donor contributions are managed efficiently and effectively. The organization demonstrates full compliance with governance best practices, including an independent and large board, rigorous financial oversight, and comprehensive policies regarding conflict of interest and document retention.

The nonprofit excels in financial metrics as shown by its low liabilities to assets ratio and a high program expense ratio of 92.53%. These indicators suggest that a significant majority of funds are directed towards programs rather than administrative costs, maximizing the impact of their work. The presence of an Audit and Oversight Committee further assures stakeholders of transparent and thorough financial evaluations.

Nonetheless, some areas were not assessed, such as Impact & Measurement, Culture & Community, and Leadership & Adaptability. This gap in evaluation can mean that while the organization is operationally sound, its effectiveness, adaptability, and community engagement are not quantitatively measured or reported by Charity Navigator, leaving room for further development in those aspects.

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

Black River Area Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black River Area Development 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: $104,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,066,789

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