Addisville Legacy Foundation

Charity Navigator Rating: 13%, Zero-Star out of Four Star rating.

The Addisville Legacy Foundation has received a significantly low rating of 13% from Charity Navigator, indicating serious concerns regarding its accountability and financial practices. The foundation has no independent board members, which raises questions about governance and oversight. Furthermore, the organization is missing essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which are critical for transparent operations.

Despite having a good score for the absence of material diversion of assets, the overall lack of transparency and governance policies heavily impacted its rating. The foundation's financial health is also questionable, evidenced by a low liabilities to assets ratio and a 0% program expense ratio, suggesting that funds may not be utilized effectively for its intended charitable purposes. There is also no publicly available financial documentation on its website, which is concerning for potential donors seeking to assess the charity's impact and reliability.

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

Addisville Legacy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Addisville Legacy 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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