Velosport Cycling Inc

Charity Navigator Rating: 35%, Zero-Star out of Four Star Rating

Velosport Cycling Inc has received a low rating of 35% from Charity Navigator, resulting in a Zero-Star rating. This indicates significant concerns regarding the organization’s accountability and financial practices. Notably, the charity lacks independent board members, essential policies, and transparency in its operations, which are crucial for building trust with donors and stakeholders.

The organization's program expense ratio is commendable at 100%, suggesting that all reported expenses are directed toward its programs. However, the absence of critical governance policies, such as conflict of interest and whistleblower policies, poses serious risks to its operational integrity. Furthermore, the failure to provide financial documents on its website limits transparency and accountability to its supporters.

Overall, while Velosport Cycling Inc allocates its funds entirely to its programs, the lack of independent oversight and necessary policies raises concerns about its governance and financial health. Without improvements in these areas, it may struggle to gain the confidence of potential donors and stakeholders.

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

Velosport Cycling Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Velosport Cycling 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: $0

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