New Orleans Academy Of Fine Arts Ltd

Charity Navigator Rating: 42%, Zero-Star out of Four Star Rating

The New Orleans Academy of Fine Arts Ltd has received a low score of 42%, resulting in a Zero-Star rating. This rating reflects significant concerns regarding the organization's accountability and financial practices. Key issues include a complete lack of independent board members and missing policies related to conflict of interest, whistleblower protections, and document retention, which are critical for ensuring transparency and governance.

While the organization does show a strong liabilities to assets ratio of 0.00%, indicating good financial health in that regard, the absence of financial statements severely limits transparency for donors and stakeholders. Additionally, the program expense ratio stands at 60.41%, which suggests that a majority of its expenses are directed towards its programs, although the lack of detailed financial documentation raises questions about the overall financial management.

In summary, the New Orleans Academy of Fine Arts Ltd faces significant challenges in terms of governance and transparency, which potential donors should consider carefully. The absence of key policies and independent oversight may impact the organization's credibility and trustworthiness in the nonprofit sector.

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

New Orleans Academy Of Fine Arts Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Orleans Academy Of Fine Arts Ltd 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: $115,007
Professional Fundraising Fees: $0
Other Salaries and Wages: $291,515

For more financial information, click here

Official website here: www.noafa.com/