The Lotus Center Inc

Charity Navigator Rating: 0 Stars

The Lotus Center Inc received a low rating of 39%, resulting in a Zero-Star out of Four Stars designation from Charity Navigator. This score indicates significant concerns regarding the charity's accountability and financial practices, which could affect donor confidence. While the organization boasts a fully independent board, several critical areas, such as the absence of financial statements and various policies, contributed heavily to its poor rating.

Strengths of The Lotus Center include its 100% independent board members and adequate documentation of board meeting minutes, reflecting a commitment to governance. However, the organization has notable weaknesses, including a lack of essential financial transparency and missing foundational compliance policies. These issues suggest a need for improvement in operational practices to enhance accountability and trust with potential supporters.

Additionally, the financial ratios indicate a concerning trend, with a liabilities to assets ratio of 158.13%, which raises questions about the organization's financial health. Although the program expense ratio of 59.30% shows some allocation of funds towards their mission, the overall lack of transparency and governance documents undermines their effectiveness in fundraising and operational integrity.

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

The Lotus Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Lotus Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $688,245

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