Riley Foundation

Charity Navigator Rating: Needs Improvement

The Riley Foundation has received a two-star rating from Charity Navigator, scoring 66% overall. This rating highlights the organization’s strong performance in accountability and finance, where it achieved a perfect score. Notably, the foundation has a high program expense ratio of 96.95%, indicating that a significant portion of its funds is allocated directly to its programs, which is a positive sign for potential donors.

However, the foundation has several areas of concern that contributed to its lower rating. It has only two independent board members, which is below the expected standard, and it lacks key policies such as conflict of interest and whistleblower protections. Additionally, the absence of a document retention policy and failure to post tax forms on its website may raise transparency issues.

Overall, while the Riley Foundation demonstrates good financial management and focuses its resources on its mission, the identified governance deficiencies may deter potential supporters who value comprehensive accountability practices. Addressing these limitations could improve its standing and trust among stakeholders.

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

Riley Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riley 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

For more financial information, click here

Official website here: www.rileyutah.org