Princeton Academy Of Art Inc

Charity Navigator Rating: 53%

Princeton Academy Of Art Inc has received a low rating of 53%, which corresponds to a One-Star out of Four Stars designation. This rating reflects significant concerns regarding the organization's accountability and financial practices. The evaluation highlights a complete lack of independent board members, which is critical for effective governance and oversight, as well as deficiencies in essential policies related to conflict of interest and whistleblower protections.

Despite these issues, the organization does demonstrate some strengths, such as a strong program expense ratio and a favorable liabilities-to-assets ratio. These indicators suggest that a substantial portion of the resources is being directed towards its programs, and that the organization maintains a healthy balance sheet. However, the absence of critical governance measures raises questions about its overall management and transparency.

Overall, while Princeton Academy Of Art Inc shows promise in its programmatic spending, the lack of a robust governance framework and transparency measures as indicated by its low ratings in these areas may deter potential donors looking for accountability in nonprofit organizations.

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

Princeton Academy Of Art Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Princeton Academy Of Art 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: $43,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,766

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