Parsons Educational Foundation

Charity Navigator Rating: 73% (Two-Star out of Four Star rating)

Parsons Educational Foundation has received a 73% rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization scores particularly well in board independence, with 100% of its members being independent, which is a strong indicator of governance quality. Additionally, the foundation demonstrates a robust financial standing with no liabilities relative to its assets, showcasing fiscal responsibility.

The foundation's program expense ratio is quite favorable at 70.64%, suggesting that a significant portion of its expenditures is directed toward its programs rather than administrative costs. This high ratio aligns with nonprofit best practices, indicating a focus on mission-related activities. Furthermore, the foundation maintains transparency by documenting board meeting minutes, which enhances its accountability to stakeholders.

However, despite its strengths, the overall two-star rating reflects some areas for improvement in the organization's financial practices or operational efficiencies. Continuous efforts in enhancing financial transparency and effectiveness could help Parsons Educational Foundation achieve a higher rating in the future.

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

Parsons Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parsons Educational Foundation 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: $0

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