City Ballet Of Boston Inc

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

City Ballet of Boston Inc has received a low rating primarily due to concerns with its financial transparency and governance policies. While the organization has a strong program expense ratio of 87.14%, indicating that a significant portion of its expenditures is directed towards its programs, it lacks key financial statements and policies, which raises red flags about its accountability.

The charity scores well in board independence, with 83% of its board members being independent, demonstrating a commitment to good governance practices in that regard. However, the absence of a conflict of interest policy, whistleblower policy, and other critical governance documents suggests a need for improvement in its operational protocols. Additionally, the high liabilities to assets ratio at 187.01% may signal financial instability.

In summary, while City Ballet of Boston Inc shows strengths in program spending and board independence, the overall lack of essential financial documentation and governance policies significantly affects its rating, indicating a need for greater accountability and transparency in its operations.

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

City Ballet Of Boston Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Ballet Of Boston 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: $75,068
Professional Fundraising Fees: $0
Other Salaries and Wages: $52,342

For more financial information, click here

Official website here: www.cityballetofboston.org