Open Books Foundation Co

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

Open Books Foundation Co has received a Three-Star rating from Charity Navigator, reflecting a solid score of 83%, which is calculated primarily on its Accountability & Finance metrics. This rating indicates a commendable level of transparency and financial health, particularly as it scored high in key areas such as having a fully independent board and no material diversion of assets.

Strengths include a high program expense ratio of 94.57%, suggesting that the vast majority of its funds are directed toward its mission rather than administrative costs. The organization also demonstrates strong governance practices with 100% independent board members and clear documentation of board meeting minutes. However, the absence of a whistleblower policy, document retention and destruction policy, and the failure to post its tax form on its website were noted as significant limitations in its accountability measures.

Overall, while Open Books Foundation Co shows strengths in its financial management and governance, the noted gaps in certain policies may warrant attention to enhance its accountability and transparency further.

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

Open Books Foundation Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Books Foundation Co 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.openbooksfoundation.org