P3 Foundation Inc

**: 0 Stars (Charity Navigator Rating 48% score)**ore)**

The P3 Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, primarily due to an Accountability & Finance score of 48%. The rating indicates significant concerns regarding the organization’s financial management, particularly with missing financial statements and policies that are not in place, which raises transparency issues. Additionally, the foundation lacks a majority of independent board members, which can affect governance.

Despite the low score, it's noteworthy that the organization has a high program expense ratio of 89.02%, suggesting that a substantial portion of its funds is allocated toward programs rather than administrative costs. However, the issues regarding financial documentation and lack of essential policies like a whistleblower and document retention policy point to fundamental governance weaknesses that need addressing to ensure accountability.

Unfortunately, user reviews from GreatNonprofits were not available to provide insight into public sentiment. Overall, while the P3 Foundation Inc shows commitment to program spending, the serious governance and financial transparency issues could be a concern for potential donors and supporters.

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

P3 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. P3 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: $12,764
Professional Fundraising Fees: $0
Other Salaries and Wages: $614,059

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