Bible Optics Inc

Charity Navigator Rating: 53%, One-Star out of Four Stars

Bible Optics Inc has received a low rating of 53%, earning a One-Star designation, which reflects significant concerns in its accountability and financial practices. The overall score is solely based on accountability metrics, highlighting areas that require improvement. The lack of independent board members and missing key governance policies such as conflict of interest and whistleblower policies are particularly noteworthy deficiencies.

Despite these governance issues, Bible Optics Inc has shown strong performance in its financial ratios, boasting a 100% program expense ratio and a 0.00% liabilities to assets ratio, indicating that the majority of its expenses are directed towards its mission. However, the absence of a website listed on their tax form and crucial governance documentation raises questions about transparency and oversight.

It is essential for potential donors to consider these factors when evaluating this organization. While the charity demonstrates strong financial management in terms of its program expenses, the significant gaps in governance and accountability suggest that greater scrutiny is warranted before making contributions.

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

Bible Optics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bible Optics 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: $126,000

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