Lighthouse Preparatory Academy

Charity Navigator Rating: One-Star out of Four Star rating with a score of 58%

Lighthouse Preparatory Academy has received a low rating primarily due to its lack of financial transparency, as indicated by its absence of financial statements and failure to post mandatory tax forms on its website. While the organization boasts a fully independent board, which is a strong point, its overall accountability and finance score reflects significant deficiencies in its financial reporting practices.

The academy does have some positive attributes, such as a high program expense ratio of 77.89%, which suggests that a majority of its funds are directed towards its programs. However, the organization has several missing policies, including whistleblower and document retention policies, which raises concerns about governance and risk management. The lack of a website listed on its tax form also detracts from its accessibility and transparency.

Overall, while Lighthouse Preparatory Academy demonstrates a commitment to maintaining an independent board structure and effective programming, its shortcomings in financial accountability and transparency could limit its trustworthiness and effectiveness in the nonprofit sector.

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

Lighthouse Preparatory Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lighthouse Preparatory Academy 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: $373,843

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