Friends Of Central Queens Academy Inc

Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)

Friends Of Central Queens Academy Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas needing significant improvement, particularly in accountability and finance. The organization scores well on governance aspects, with a fully independent board and a solid conflict of interest policy in place. However, it lacks key financial practices such as a review or compilation of financial statements and has not made its tax forms available on its website.

While the organization excels in its program expense ratio, spending 99.33% of its budget on programs, it struggles with a high liabilities-to-assets ratio of 72.78%. This suggests potential financial instability, posing risks to its operations. Additionally, the absence of a documented retention and destruction policy further highlights gaps in its overall governance practices.

In summary, Friends Of Central Queens Academy demonstrates a commitment to its mission through high program spending but must address its financial transparency and governance policies to improve trust and effectiveness. Enhancing these areas could lead to better performance in future evaluations.

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

Friends Of Central Queens Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Central Queens Academy 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

For more financial information, click here