Impact Exchange

Charity Navigator Rating: 52%, One-Star out of Four Star rating.

Impact Exchange has received a low rating of 52%, indicating concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance. Additionally, the lack of critical financial statements and policies such as conflict of interest and whistleblower protections suggests potential vulnerabilities in oversight.

On a positive note, the organization demonstrates a high program expense ratio of 95.51%, indicating that a significant portion of its expenses goes directly to its programs. This focus on programmatic spending can be seen as a strength, reflecting a commitment to its mission. The liabilities to assets ratio is also favorable at 14.91%, which suggests a manageable level of debt.

However, the absence of proper documentation and transparency measures, such as a missing website link for the tax form and other key policies, limits trust in its financial management. These factors collectively contribute to the low overall rating, emphasizing the need for improvement in governance and transparency practices.

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

Impact Exchange is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Exchange 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: $41,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $737,823

For more financial information, click here