Foundations In Charity Inc

Charity Navigator Rating: 62% (Two-Star out of Four Star rating)

Foundations In Charity Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization benefits from a fully independent board with strong governance practices, as evidenced by its 83% independent board members and a solid liabilities to assets ratio of 9.77%. However, the overall score is impacted by missing policies and transparency issues.

While the organization shows strengths in areas such as the absence of material diversion of assets and the presence of a conflict of interest policy, it lacks key governance documents. Notably, the absence of a whistleblower policy and missing document retention policies highlight areas where accountability could be improved. Additionally, the nonprofit's program expense ratio of 55.41% is concerning, as it suggests a significant portion of its expenses may not be directed toward its programs.

Overall, while Foundations In Charity Inc demonstrates some positive governance attributes, the missing documentation and lower program expense ratio indicate that potential donors should consider these factors when evaluating the organization's effectiveness and transparency.

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

Foundations In Charity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundations In Charity 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: $0

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