Love & Care Ministries

Charity Navigator Rating: Needs Improvement

Love & Care Ministries has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement despite some strengths in governance. The organization scored 69% overall, primarily benefiting from having a fully independent board, which reflects strong oversight. Additionally, it maintains a low liabilities to assets ratio (0.12%) and a high program expense ratio (88.69%), suggesting that a significant portion of its expenses is directed towards its programs.

However, there are several areas of concern that affect its rating. The organization lacks critical policies such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy, which could raise questions about accountability and transparency. Furthermore, it has not posted its financial statements or tax form on its website, which limits public access to important financial information.

In summary, while Love & Care Ministries demonstrates strong program spending and independent governance, the absence of key policies and publicly available financial documents highlights significant weaknesses that need to be addressed for improved transparency and trust among its stakeholders.

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

Love & Care Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Love & Care Ministries 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: $107,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $458,851

For more financial information, click here

Official website here: www.lcmin.com