Reach For The Stars Fund Inc

Charity Navigator Rating: 0 stars

Reach For The Stars Fund Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and overall governance. The charity's score of 40% is based solely on its Accountability & Finance metrics, which reveal serious deficiencies, particularly in its program expense ratio, which stands at 0.00%. This raises questions about the effectiveness and impact of the organization's initiatives.

Despite the low score, the organization does demonstrate some strengths in governance practices. It has a fully independent board with all members meeting independence criteria, and it has established policies to mitigate conflicts of interest. Moreover, the organization maintains documentation of its board meeting minutes, indicating a level of transparency in its operations.

However, the financial metrics present a troubling picture, particularly the liabilities to assets ratio of 136.58%, which suggests that the organization may be operating under significant financial strain. The absence of impact and measurement scoring further complicates the assessment of its effectiveness in achieving its mission. Overall, potential donors and stakeholders should approach with caution, given the highlighted financial concerns.

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

Reach For The Stars Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach For The Stars Fund 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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