The Industry

Charity Navigator Rating: 54% (One-Star out of Four Star rating)

The Industry has received a low overall score of 54%, reflecting significant concerns in its financial accountability and efficiency. While the organization boasts a fully independent board of directors and strong governance practices, these strengths are overshadowed by poor financial metrics, particularly a low program expense ratio of 26.38%. This indicates that a smaller portion of its funds is being directed toward its programs compared to operational costs.

Despite the positive aspects of governance, such as having no material diversion of assets and a comprehensive conflict of interest policy, the liabilities to assets ratio of 42.78% is a red flag. This figure suggests that the organization may be carrying a substantial amount of debt relative to its assets, impacting its financial health and sustainability.

Overall, while The Industry demonstrates good governance standards, its financial performance raises questions about its ability to effectively fulfill its mission. Potential donors should weigh these factors carefully when considering support for the organization.

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

The Industry is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Industry submitted a form 990EZ, 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.