American Friends Of Kollel Emes Lyaakov Inc

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

American Friends Of Kollel Emes Lyaakov Inc has received a low rating of 50%, earning it a One-Star designation. This rating indicates significant areas of concern regarding its accountability and financial practices. The organization scored particularly poorly in categories such as board independence and the absence of essential policies, which are crucial for maintaining transparency and governance.

The charity does have a strong program expense ratio of 99.04%, implying that nearly all of its expenses are directed towards its programs, which is a positive aspect. Additionally, the organization has no material diversion of assets, reflecting an adequate control over its financial resources in this area. However, the lack of transparency in board composition and the absence of required policies undermine its overall credibility.

Overall, while the organization demonstrates a commitment to its programming, serious deficiencies in governance and accountability measures could be problematic for potential donors and stakeholders. Improvement in these areas is essential for building trust and ensuring effective management.

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

American Friends Of Kollel Emes Lyaakov Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Kollel Emes Lyaakov Inc submitted a form 990EZ, 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.