Friends Of Elder Citizens

Charity Navigator Rating: 69% (Two-Star out of Four Star Rating)

Friends Of Elder Citizens has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas despite some notable strengths. The organization's Accountability & Finance score stands at 69, reflecting a solid foundation in areas such as independent board membership and transparency regarding asset management. However, the charity lacks key governance policies, including a conflict of interest policy, whistleblower policy, and document retention policies, which are essential for ensuring accountability and ethical operations.

The organization demonstrates a high program expense ratio of 86.82%, suggesting that a significant portion of its resources is allocated towards its mission-related activities. This commitment to program spending may indicate that the charity is focused on its goals of supporting elder citizens. Moreover, the liabilities to assets ratio is very low at 0.79%, highlighting sound financial health and management.

Despite its commitment to serving the community, the absence of critical governance policies poses a risk to its overall accountability. For potential donors and supporters, addressing these weaknesses would be crucial for enhancing trust and effectiveness within the organization.

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

Friends Of Elder Citizens is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Elder Citizens 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: $294,686

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Official website here: www.friendsofeldercitizens.org