Transceding Hope

Charity Navigator Rating: 69%, earning a Two-Star out of Four Star rating

Transcending Hope has received a Two-Star rating from Charity Navigator, indicating a performance that is below the average threshold for nonprofits. While the organization boasts a fully independent board of directors, it has significant weaknesses in financial transparency, reflected in a score of zero for financial statements and various governance policies.

On a positive note, the organization maintains a strong program expense ratio of 70.81%, suggesting that a substantial portion of its funding is directed towards its programs rather than administrative costs. Additionally, it demonstrates a good balance between liabilities and assets, maintaining a favorable ratio of 18.72%. This indicates a level of financial stability in its operations.

However, the lack of critical financial documentation and governance policies raises concerns about accountability. The absence of a conflict of interest policy, whistleblower protections, and proper document retention protocols could impact stakeholder trust and the organization's overall effectiveness. Addressing these areas could greatly enhance its credibility and operational transparency.

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

Transceding Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transceding Hope 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: $131,921
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,917

For more financial information, click here

Official website here: www.transcending-hope.com