Anchor Ministries Inc

Charity Navigator Rating: 0 stars (44%)

Anchor Ministries Inc has received a low score of 44%, resulting in a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization's transparency and governance practices. Notably, there are no independent board members, which raises questions about the oversight and decision-making processes within the nonprofit. Additionally, the absence of key policies such as conflict of interest and whistleblower protections further highlights potential vulnerabilities in the organization's operations.

While the organization does maintain a positive liabilities to assets ratio and a program expense ratio that suggests a commitment to its mission, the lack of financial statements and transparency is alarming. The failure to provide basic documentation like tax forms on its website, as required, indicates a need for improvement in accountability practices. These factors contribute to a perception of risk for potential donors and supporters.

In summary, while Anchor Ministries Inc shows some positive financial metrics, the overall lack of governance, independent oversight, and transparency leads to serious concerns about its operational integrity and effectiveness. Interested stakeholders may want to approach with caution until these issues are adequately addressed.

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

Anchor Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Ministries 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: $552,761
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here