Amd3 Foundation

Charity Navigator Rating: 54%, One-Star out of Four Stars

The Amd3 Foundation has received a low rating of 54%, which corresponds to a One-Star designation. This rating reflects significant concerns regarding the organization's accountability and financial practices, as it is based solely on a single beacon score. Specifically, the foundation lacks independent board members and has not provided financial statements, indicating potential governance and transparency issues.

Despite these weaknesses, the organization has maintained a high program expense ratio of 99.98%, suggesting that nearly all of its expenditures are directed towards its programs rather than administrative costs. It also has a favorable liabilities to assets ratio of 3.26%, indicating a solid financial position in terms of debt management. However, the absence of crucial policies, such as conflict of interest and whistleblower protections, raises questions about operational integrity.

Overall, while the Amd3 Foundation demonstrates a commitment to program spending, its governance practices and transparency measures are significant areas of concern. Without improvements in these domains, the foundation may struggle to gain the trust and support of potential donors and stakeholders.

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

Amd3 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amd3 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: $220,972

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Official website here: www.amd3.org