The Verity Charitable Fund Inc

Charity Navigator Rating: 20% (Zero-Star out of Four Stars)

The Verity Charitable Fund Inc has received a very low rating of 20% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. This rating is derived entirely from its Accountability & Finance score, which highlights various areas of deficiency. The organization scored highly in some aspects, such as having a majority of independent board members and handling loans to/from officers responsibly, but fell short in critical categories like financial statements, program expenses, and overall transparency.

Strengths noted include a complete board of independent members, which can be a positive sign for governance. However, the organization has substantial weaknesses, particularly in transparency and financial management. The absence of key policies, such as conflict of interest and whistleblower policies, alongside a lack of financial documentation and accountability measures, raises red flags about its operational integrity.

Overall, the low score reflects serious limitations in the organization's financial health and governance practices. Prospective donors and supporters are advised to approach with caution, as the lack of critical financial and operational information could impact the effectiveness and trustworthiness of the charity.

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

The Verity Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Verity Charitable Fund 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: $50,000

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