Kingston City Land Bank Inc

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

Kingston City Land Bank Inc has received a Three-Star rating from Charity Navigator, indicating a score of 81%. This rating is primarily based on the organization's Accountability & Finance, which reflects the transparent and responsible management of its financial resources. A high percentage of independent board members, along with a strong conflict of interest and whistleblower policy, support the charity's governance framework.

The organization showcases commendable practices, such as a clean audit with no material diversion of assets and a low liabilities to assets ratio of 0.83%. The charity has also implemented robust document retention policies and maintains transparency through the availability of board meeting minutes. These elements contribute to the overall trustworthiness of the organization.

However, the program expense ratio stands at 58.23%, which indicates that while the charity is managing its finances well, a significant portion of its expenses may not be directed toward program services. This aspect could be an area for improvement, as higher program expenses relative to total expenses typically signify a greater focus on mission-driven activities.

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

Kingston City Land Bank Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingston City Land Bank 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: $150,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.https:/kingstoncitylandbank.org