Next Towns Foundation Inc

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

Next Towns Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is derived solely from this area, where the organization has excelled, particularly in having a fully independent board and no material diversion of assets. This strong financial management indicates a focus on transparency and effective use of resources.

However, there are notable limitations in governance policies. The foundation lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which can affect the organization's overall governance standards. Additionally, while the foundation does post board meeting minutes, it does not publish its tax form on its website, which could impact credibility.

Despite these governance shortcomings, the foundation demonstrates a commendable program expense ratio of 94.76%, which suggests that a significant portion of its funds is directed toward its mission. The organization's commitment to maintaining a low liabilities to assets ratio further indicates a healthy financial standing. Overall, while there are areas for improvement, Next Towns Foundation Inc shows promise in its financial accountability.

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

Next Towns Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Next Towns Foundation Inc submitted a form 990EZ, 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.