Main Street Skowhegan

Charity Navigator Rating: 92% (Four-Star out of Four Star rating)

Main Street Skowhegan has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 92% overall, with this rating primarily derived from its Accountability & Finance metrics. This high score indicates that Main Street Skowhegan operates with transparency and maintains effective financial practices.

The organization demonstrates solid governance, with an independent board comprising 14 members, all of whom are independent. This structure minimizes conflicts of interest and ensures that decisions reflect the mission of the nonprofit. Furthermore, Main Street Skowhegan has established robust policies, including a conflict of interest and a whistleblower policy, which contribute to its strong governance framework.

Financially, Main Street Skowhegan shows a healthy balance between its assets and liabilities, with a low liabilities-to-assets ratio of 18.01%. Additionally, the organization allocates 80.01% of its expenses directly to programs, indicating a strong focus on fulfilling its mission rather than administrative costs. Overall, the data points to a well-managed organization with a strong foundation for continued impact in the community.

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

Main Street Skowhegan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Skowhegan 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: $75,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,277

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Official website here: www.mainstreetskowhegan.org