My Life Foundation Inc

Charity Navigator Rating: Needs Improvement

My Life Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and finance practices. While the organization demonstrates strong governance with a fully independent board and a commendable program expense ratio of 74.20%, it falls short in transparency. Key documents that would typically enhance accountability, such as the tax form and various policies, are missing from their website.

The organization maintains a favorable liabilities to assets ratio, showing financial stability. However, the absence of essential policies, including a conflict of interest and a whistleblower policy, raises concerns about its operational governance. These missing elements contribute to the overall low score in accountability, which could undermine donor confidence.

Overall, while My Life Foundation Inc has solid programmatic expenses and governance structures, significant improvements are needed in transparency and policy implementation to enhance accountability and trust among stakeholders and potential donors.

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

My Life Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. My Life Foundation Inc 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: $19,980
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here