Cavod Performing Arts

Charity Navigator Rating: 63%, earning it a Two-Star out of Four Star rating. This rating reflects a moderate level of accountability and financial health within the organization. While the organization has performed well in several areas, such as its high Program Expense Ratio of 72.55% and having a majority independent board, the overall score indicates room for improvement.

Cavod Performing Arts shows strengths in governance with a fully independent board and a lack of material diversion of assets, which are positive indicators of organizational integrity. However, the absence of essential policies like a whistleblower and document retention policy has negatively impacted its accountability rating. This suggests that while the organization adheres to some best practices, there are critical areas where policy frameworks are lacking.

Financially, the organization demonstrates a relatively stable liability to assets ratio at 62.86%, indicating a balanced approach to managing its resources. Nonetheless, the overall rating suggests that stakeholders should seek more transparency and comprehensive governance practices to ensure long-term sustainability and trustworthiness.

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

Cavod Performing Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cavod Performing Arts 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: $39,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $398,567

For more financial information, click here

Official website here: www.cavod.org