Seattle Children's Hospital

Charity Navigator Rating: 83% (Three-Star out of Four Star rating)

Seattle Children's Hospital, operating as Luma Guild, has received an 83% score, reflecting a predominantly strong performance in terms of accountability and finance. This rating is derived from a single beacon score, demonstrating the organization’s commitment to transparent financial practices. The hospital boasts 100% independent board members and has demonstrated robust governance through a clear conflict of interest policy and documentation of board meeting minutes.

The organization's financial health is notable, with a program expense ratio of 97.56%, indicating that a significant majority of its funding goes directly to its programs. Additionally, it has no liabilities, showcasing a sound fiscal management strategy. However, it is important to note that the organization is missing a whistleblower policy, which is a critical component of governance that helps ensure ethical practices and accountability.

Overall, while Seattle Children's Hospital shows commendable accountability and financial integrity, the absence of a whistleblower policy suggests an area for improvement. The charity's strong governance and high program expense ratio uphold its dedication to serving its mission effectively.

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

Seattle Children's Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Children's Hospital 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.

Official website here: www.lumaguild.org