Ferrante Ministries Inc

Charity Navigator Rating: 52%

Ferrante Ministries Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting serious concerns regarding its accountability and financial practices. The low score indicates a lack of independent board members, with 0% of the board being independent, which raises questions about governance and oversight. Additionally, several critical policies, such as conflict of interest and whistleblower policies, are missing, which could compromise the organization's integrity and transparency.

Despite these shortcomings, the organization demonstrates a commitment to its programs, with a program expense ratio of 87.81%. This high ratio suggests that the majority of its expenditures directly support its mission-driven activities. However, the absence of financial statements and other documentation on its website limits public insight into its financial health and operational practices.

Moreover, while the organization has a reasonable liabilities to assets ratio of 0.42%, indicating some level of financial stability, the lack of essential governance documentation and policies leaves significant areas for improvement. Overall, potential donors and stakeholders should exercise caution and seek further information before engaging with Ferrante Ministries Inc.

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

Ferrante Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ferrante Ministries 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: $380,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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