Krewe Of Red Beans

Charity Navigator Rating: 1-Star out of Four Stars (58%)

Krewe Of Red Beans has received a One-Star rating from Charity Navigator, indicating significant areas for improvement in accountability and finance. The organization scored particularly well for having a fully independent board and a high program expense ratio, suggesting a commitment to using funds for its intended purposes. However, the lack of financial statements and missing policies related to whistleblowing and document retention raise concerns about transparency and governance.

While the nonprofit has shown strengths in its board composition and allocation of resources toward programming, its overall financial practices are lacking. The high liabilities to assets ratio suggests potential financial instability, which could impact its operations and sustainability in the long run. Additionally, the absence of critical documents on its website could hinder potential donors or supporters from fully understanding its financial health.

In summary, while Krewe Of Red Beans demonstrates some positive attributes, the organization must address its weaknesses in financial reporting and governance policies to improve its overall rating and build greater trust with its supporters.

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

Krewe Of Red Beans is a legitimate nonprofit organization registered as a 501(c)(3) entity. Krewe Of Red Beans 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: $43,589

For more financial information, click here

Official website here: www.redbeansparade.com