Meaningful Minute Inc

Charity Navigator Rating: 1 Star (50%)

Meaningful Minute Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating a significant concern in its accountability and financial practices. The overall score of 50% is derived solely from its Accountability & Finance metrics, where it demonstrates some strengths, such as having an entirely independent board and maintaining a low liabilities-to-assets ratio of 0.41%. However, the lack of financial statements, missing policies, and insufficient independent board members have greatly impacted its rating.

While the organization has managed to document board meeting minutes, several critical elements are absent, including a conflict of interest policy, a whistleblower policy, and a clearly listed website on its tax forms. These deficiencies contribute to its low performance in the evaluation, particularly in the areas of transparency and governance, which are vital for building trust with donors and stakeholders.

Despite these weaknesses, it is notable that the organization allocates a considerable portion of its budget to program expenses, with a ratio of 62.05%. However, without adequate financial disclosures and governance policies in place, potential donors may wish to seek further information before making contributions.

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

Meaningful Minute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meaningful Minute 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,378

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