Oikos Development Corporation

Charity Navigator Rating: 1 Star (57%)

Oikos Development Corporation has received a low rating of 57% from Charity Navigator, indicating significant areas for improvement in accountability and financial management. The organization boasts a strong governance aspect with 83% of board members being independent, which is a positive factor in terms of oversight. However, the lack of financial statements and critical policies such as conflict of interest, whistleblower, and document retention seriously hampers its overall score.

Despite having a commendable program expense ratio of 77.09%, the lack of transparency in financial reporting is a crucial limitation. The organization has also failed to provide essential documents on its website, which impacts its credibility and public trust. While it maintains no material diversion of assets, the absence of a clear financial accountability framework raises concerns for current and potential donors.

Overall, Oikos Development Corporation demonstrates some strengths in governance but falls short in transparency and financial reporting. The organization will need to address these gaps to improve its rating and ensure better stewardship of its resources.

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

Oikos Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oikos Development Corporation 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: $403,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,425

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