Colorado Skies Academy

Charity Navigator Rating: 48%, Zero-Star out of Four Star rating

Colorado Skies Academy has received a low rating of 48% on Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas like having a fully independent board and maintaining proper oversight of financial statements, it falls short in critical governance aspects, such as missing essential policies related to conflict of interest and whistleblower protections.

Additionally, the nonprofit's financial health raises red flags, particularly with a liabilities-to-assets ratio of 122.76%, suggesting that its debts exceed its assets significantly. The program expense ratio is also concerning at 48.18%, indicating that less than half of its expenses are allocated to direct program services. These financial metrics highlight potential sustainability issues that could affect the organization's ability to fulfill its mission effectively.

Overall, while Colorado Skies Academy demonstrates some positive governance features, the substantial gaps in policy adherence and financial management could undermine donor confidence and long-term viability. Potential supporters may want to exercise caution and seek further insights into the organization’s operations and plans for improvement.

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

Colorado Skies Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Skies Academy 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: $1,148,879

For more financial information, click here

Official website here: www.coloradoskiesacademy.com