Bc Corp

Charity Navigator Rating: 49%

Bc Corp has received a score of 49%, resulting in a Zero-Star out of Four Star rating, indicating significant concerns regarding accountability and finance. The lack of independent board members and missing essential governance policies, such as conflict of interest and whistleblower policies, contribute to this low score. The absence of financial statements further amplifies the concerns over transparency and oversight.

Despite these shortcomings, Bc Corp does show some strengths in its operations, particularly with a program expense ratio of 67.39%. This metric suggests that a substantial portion of its resources is directed toward its programs, which is a positive aspect in terms of operational effectiveness. Additionally, the organization has a low liabilities to assets ratio of 2.08%, indicating a solid financial structure in this regard.

However, the overall governance and financial transparency issues cannot be overlooked. The lack of independent oversight and essential documentation, such as board meeting minutes and tax forms on their website, raises red flags for potential donors and stakeholders. The nonprofit needs to address these weaknesses to improve its accountability and overall rating in future evaluations.

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

Bc Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bc Corp 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,463

For more financial information, click here

Official website here: www.buildcarolina.org/