The Giocosa Foundation

Charity Navigator Rating: Needs Improvement

The Giocosa Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas needing improvement, particularly in accountability and finance. While the organization has a commendable leadership and adaptability score of 100, suggesting strong governance, its overall accountability is hampered by the absence of key policies such as a conflict of interest, whistleblower, and document retention policies.

Despite these governance gaps, the foundation demonstrates a high program expense ratio of 92.35%, which indicates that a significant portion of its funds is directed toward its programs. This focus on programming reflects its mission to support families interested in fostering and to reach birth families during their time in care. Additionally, the organization appears to maintain a fully independent board, which can enhance decision-making and oversight.

However, the liabilities to assets ratio of 59.03% raises concerns about the financial sustainability of the organization. It suggests that the Giocosa Foundation may need to address its financial management practices to improve its overall rating and ensure long-term success in fulfilling its mission.

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

The Giocosa Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Giocosa Foundation 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: $910,710

For more financial information, click here

Official website here: www.giocosa.org