Cityway Community Economic Dev Corp

Charity Navigator Rating: 79%, Three-Star out of Four Star Rating

Cityway Community Economic Development Corporation has achieved a Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. This score indicates that the organization is largely transparent and operates with sound financial practices, particularly notable in its high program expense ratio of 81.16%, meaning that a significant portion of its expenditures go directly toward its mission.

The organization boasts an entirely independent board, which is a positive indicator of governance and oversight. Additionally, it has established comprehensive policies regarding conflicts of interest, whistleblower protections, and document management, contributing to its overall accountability score. The audit and oversight committee also received full marks, showcasing strong financial oversight.

However, the organization does face challenges with its liabilities to assets ratio, receiving no points in this area. This could suggest potential financial risk or leverage issues that may affect its long-term sustainability. Overall, while the organization demonstrates robust governance and accountability practices, stakeholders may want to monitor its financial health more closely.

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

Cityway Community Economic Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cityway Community Economic Dev Corp 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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