The Learning Loft Foundation Inc

Charity Navigator Rating: 43%

The Learning Loft Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of only 43%, the organization fails to demonstrate a solid commitment to transparency and sound management, particularly evident in its financial statements where it scored 0 out of 15 points. The lack of majority independent board members further raises questions about governance and oversight.

Despite some strengths, such as having an independent board size of 7 out of 7 points and a strong material diversion of assets score, the overall financial health of the organization appears to be lacking. The absence of a whistleblower policy and inadequate documentation practices are notable weaknesses that could impact the organization’s long-term viability and trustworthiness.

While the organization does report a program expense ratio of 20 out of 25 points, which indicates some level of investment in its programs, the overall low scores in critical areas such as financial transparency and governance overshadow these positives. Without improvements in these areas, The Learning Loft Foundation Inc may face challenges in gaining public confidence and support.

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

The Learning Loft Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Learning Loft Foundation 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: $252,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $325,117

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