Spivak Educational Center Inc

Charity Navigator Rating: One-Star out of Four Stars (50%)

Spivak Educational Center Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is based solely on one beacon, which reveals shortcomings in governance and transparency, such as a lack of independent board members and missing essential policies and financial statements.

Despite these governance issues, the organization demonstrates a strong commitment to its mission, reflected in a program expense ratio of 80.56%. This suggests that a substantial portion of its funds is directed towards programmatic activities rather than administrative costs. However, the absence of key financial documentation raises questions about the organization's operational transparency and long-term sustainability.

The charity's major limitations stem from missing policies and documentation, including a conflict of interest policy and board meeting minutes. Such deficiencies may hinder its credibility and potential donor confidence, ultimately impacting its ability to fulfill its mission effectively.

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

Spivak Educational Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spivak Educational Center Inc 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: $49,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $902,730

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