Education Alternatives Inc

Charity Navigator Rating: 57%, One-Star out of Four Star rating.

Education Alternatives Inc has received a low rating of 57% from Charity Navigator, indicating significant areas for improvement in accountability and transparency. While the organization boasts a fully independent board, critical documentation is lacking, including financial statements, conflict of interest policies, and a whistleblower policy, which have all contributed to its low score.

Despite the governance strengths, such as the absence of material diversion of assets and a manageable liabilities-to-assets ratio, the nonprofit's overall performance in financial accountability is concerning. The high program expense ratio suggests that a considerable portion of its budget is allocated to its programs, which is a positive aspect. However, the missing documentation raises questions about operational transparency and long-term sustainability.

Overall, while Education Alternatives Inc demonstrates some strengths in governance and program allocation, the lack of essential financial and operational policies significantly detracts from its credibility. The organization will need to address these gaps to improve its rating and enhance stakeholder confidence.

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

Education Alternatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Education Alternatives Inc 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: $32,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,877

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