Saloc

Charity Navigator Rating: 67% (Two-Star out of Four Stars)

Saloc has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas for improvement. The charity scored well in areas such as having a majority of independent board members and maintaining a low liabilities-to-assets ratio. Additionally, the program expense ratio is impressive at 94.19%, suggesting that a large portion of its funding is directed towards its programs and services.

However, the organization faces notable shortcomings, particularly in transparency and accountability. Saloc has received no points for financial statements, indicating a lack of publicly available financial documentation. Also concerning is the absence of several key governance policies, including a conflict of interest policy and a whistleblower policy, which are important for ensuring ethical operations and accountability.

Overall, while Saloc shows a commitment to its mission through high program expenditure, the absence of critical financial and governance documents may hinder trust and transparency with stakeholders and potential donors. Addressing these issues could lead to improved ratings and greater confidence from the public.

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

Saloc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saloc 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: $0

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