Mythical Lotus Foundation

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

The Mythical Lotus Foundation has received a low rating from Charity Navigator, which reflects significant concerns regarding its accountability and finance practices. The foundation's score is entirely based on its Accountability & Finance, where it scored just 54%. This rating emphasizes the lack of independent board members, with none out of eight being independent, and the absence of essential financial statements or transparency measures.

The organization demonstrates some strengths, particularly in its program expense ratio, which stands at an impressive 87.35%, indicating that a substantial portion of its funds is directed toward its programs rather than administrative costs. However, the absence of crucial governance policies, such as a whistleblower policy and document retention guidelines, raises red flags about its operational integrity.

Overall, while the foundation shows a strong commitment to program expenses, the significant weaknesses in governance and financial transparency highlight areas needing improvement. Potential donors and supporters may wish to consider these factors carefully before engaging with the organization.

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

Mythical Lotus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mythical Lotus Foundation 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: $10,361

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