Sharks Swim Club

Charity Navigator Rating: 71% (Two-Star out of Four Stars)

Sharks Swim Club has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization has performed well in areas such as board independence and financial management, with a Program Expense Ratio of 94.42%, suggesting that a significant portion of its expenses supports its programs. Additionally, it has no liabilities, which is a positive sign of financial health.

However, the rating also highlights several areas of concern. The organization has not provided financial statements, which affects its transparency and accountability scores significantly. Furthermore, it lacks essential policies such as a whistleblower policy and document retention and destruction guidelines, which are critical for good governance practices.

Overall, while Sharks Swim Club demonstrates strong programmatic financial efficiency and governance in some areas, its lack of key financial documentation and policies detracts from its overall rating and suggests a need for improvement in transparency and compliance with nonprofit standards.

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

Sharks Swim Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sharks Swim Club 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: $421,535

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