Urban Skye-1

Charity Navigator Rating: 52%, One-Star out of Four Star rating.

Urban Skye-1 has received a low rating of 52% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members and lacks essential policies such as a conflict of interest and whistleblower policy. Financial transparency appears to be a major issue, as the charity has not posted its financial statements or tax forms on its website, which raises questions about its governance.

Despite these weaknesses, Urban Skye-1 does show some positive aspects. The organization has a low liabilities to assets ratio of 5.24%, indicating good financial health in terms of debt management. Additionally, its program expense ratio is relatively high at 68.31%, suggesting that a substantial portion of its funds is directed toward its programs rather than administration or fundraising.

Overall, while Urban Skye-1 demonstrates some strengths in financial management and program expenditure, the lack of independent oversight and transparency severely impacts its credibility and effectiveness as a nonprofit organization. Potential donors and supporters should consider these factors carefully before engaging with the charity.

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

Urban Skye-1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urban Skye-1 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: $67,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $501,741

For more financial information, click here

Official website here: www.urbanskye.org