Caribe Towers Inc

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

Caribe Towers Inc has received a Two-Star rating, reflecting a moderate level of accountability and financial management. The organization demonstrates strong governance with 100% independent board members and a solid financial oversight structure, as indicated by top scores in several key areas, including an Audit and Oversight Committee and a conflict of interest policy. Notably, the program expense ratio is commendable at 92.17%, suggesting that a significant portion of its resources is directed towards its mission-related programs.

However, there are several areas for improvement. The organization is marked down for missing key policies, such as a whistleblower policy and document retention guidelines, both of which are important for transparency and accountability. Additionally, the liabilities to assets ratio of 146.66% raises concerns about financial health, indicating that liabilities exceed assets significantly. Furthermore, the absence of the tax form on the nonprofit's website limits public access to important financial information.

Overall, while Caribe Towers Inc exhibits strengths in governance and program expenditure, the identified gaps in policy implementation and financial stability warrant attention to enhance its standing and trustworthiness in the nonprofit sector.

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

Caribe Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caribe Towers 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,619

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Official website here: www.hacecdc.org