Friends Of Golden Pond

Charity Navigator Rating: 41%

Friends Of Golden Pond has received a low score of 41%, resulting in a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization’s accountability and financial practices. While the charity demonstrates a high program expense ratio of 99.29%, suggesting a strong focus on mission-related activities, the overall lack of transparency and governance structure raises red flags.

One major weakness highlighted is the absence of independent board members, which can compromise effective oversight. Additionally, the organization lacks several critical policies, including conflict of interest and whistleblower policies, which are essential for maintaining ethical standards and accountability. The failure to post tax forms on its website further detracts from its transparency.

Despite the program expense ratio indicating that funds are primarily allocated towards programs rather than administrative costs, the financial health is concerning, with a liabilities-to-assets ratio of 78.86%. This high ratio suggests potential financial instability, which could impact the organization’s long-term sustainability. Overall, while Friends Of Golden Pond shows commitment to its mission, significant governance and financial issues need to be addressed for greater accountability.

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

Friends Of Golden Pond is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Golden Pond 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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Official website here: www.friendsofgoldenpond.org