Los Angeles Chong De Culture And Education Foundation

Rating from Charity Navigator: 47%, Zero-Star out of Four Star rating.

The Los Angeles Chong De Culture And Education Foundation has received a low score of 47% from Charity Navigator, indicating significant concerns in its financial and operational practices. While the organization shows strong governance with a fully independent board and proper policies in place for conflicts of interest and document management, its financial performance raises alarms, particularly with a very low program expense ratio.

The charity's liabilities to assets ratio is alarming at 0.04%, suggesting potential financial instability. This indicates that the organization may not be effectively utilizing its resources to support its stated mission. Users have noted these financial concerns, which point to a need for greater transparency and accountability in how funds are allocated and spent.

Overall, while the foundation has some strengths in governance, the critical shortcomings in financial health and program spending contribute to its poor overall rating. Prospective donors should consider these factors carefully when evaluating their support for the organization.

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

Los Angeles Chong De Culture And Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Los Angeles Chong De Culture And Education Foundation 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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