The Edison Charitable Foundation

66% rating from Charity Navigator indicates that The Edison Charitable Foundation has received a Two-Star out of Four Star rating, suggesting there are areas for improvement. While the organization demonstrates strong accountability, evident through its independent board and robust conflict of interest and whistleblower policies, its overall financial health could be enhanced.

One notable strength is the charity's commitment to transparency, as seen in its proper documentation practices and the absence of material diversion of assets. Furthermore, it maintains a strong liabilities to assets ratio, indicating sound financial management. However, the program expense ratio of 58.16% is relatively low, suggesting that a significant portion of funds may not be directed towards programmatic efforts, which can raise concerns about the effectiveness of its initiatives.

Overall, while The Edison Charitable Foundation shows a solid governance structure and financial responsibility, potential donors might want to consider the implications of its program expense ratio when evaluating its efficiency and impact in fulfilling its mission.

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

The Edison Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Edison Charitable Foundation 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: $0

For more financial information, click here

Official website here: www.theedisonfoundation.com