Main Street Siloam Springs Inc

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 61%)

Main Street Siloam Springs Inc has received a rating indicating that it needs improvement, with a score of 61%. This suggests that while the organization demonstrates some positive aspects, there are significant areas requiring attention to enhance transparency and accountability. Notably, the organization has a strong board structure, with all members being independent, and it has a commendable program expense ratio of 81.04%, indicating that a substantial portion of its funds is directed toward its programs.

However, the nonprofit has several weaknesses highlighted in its evaluation. The absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about governance practices. Furthermore, the organization's liabilities to assets ratio of 227.70% is alarming and suggests financial instability. The failure to post essential documents, such as the tax form on its website, further detracts from its overall accountability.

In summary, while Main Street Siloam Springs Inc shows strengths in program spending and board independence, its lack of critical policies and high liabilities relative to assets indicate that improvements are needed for better governance and financial health.

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

Main Street Siloam Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Siloam Springs 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: $50,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,793

For more financial information, click here

Official website here: www.mainstreetsiloam.org