Impact Health Sharing Inc

Charity Navigator Rating: Needs Improvement

Impact Health Sharing Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations. The organization scored 62% overall, with specific strengths in areas such as board independence and financial audits. It has a majority of independent board members, which suggests a commitment to governance, while also demonstrating good practices in financial statement auditing and the absence of asset diversion.

However, the organization faces significant challenges that impact its rating. Notably, it lacks a whistleblower policy and document retention guidelines, which are crucial for transparency and accountability. Additionally, the high liabilities to assets ratio raises concerns about financial stability, and the absence of posted tax forms on the nonprofit's website limits accessibility to important information for stakeholders.

While the program expense ratio is relatively strong at 66.79%, indicating that a substantial portion of funds is allocated towards its mission, the overall governance and financial practices need enhancement. Stakeholders may want to monitor the organization closely and advocate for improvements in its policies and financial management to ensure a sustainable impact.

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

Impact Health Sharing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Health Sharing 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: $251,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $939,102

For more financial information, click here

Official website here: www.impacthealthsharing.com