Forming Lives Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 61%)

Forming Lives Inc has received a mixed evaluation from Charity Navigator, achieving a 61% score which classifies it as needing improvement. The organization demonstrates strong accountability through its independent board structure, scoring full points for majority independent board members and independent board size. Additionally, the absence of material diversion of assets and proper listing of its website on tax forms are positive indicators.

However, several significant areas raise concerns about transparency and governance. The organization lacks essential policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, resulting in zero points in these categories. Furthermore, the liabilities to assets ratio is concerning at 80.51%, indicating potential financial risk, despite the program expense ratio being a strong 83.94%, which reflects effective use of resources for programmatic efforts.

Overall, while Forming Lives Inc shows strong program expense management and governance by its board, the absence of critical policies, high liabilities, and overall low score highlight the need for improvement in accountability and financial practices.

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

Forming Lives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forming Lives 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.forminglives.com/contact-us.htm