Shelter Funds Management Foundation Inc

Charity Navigator Rating: 42% (Zero-Star out of Four Stars)

The Shelter Funds Management Foundation Inc has received a Zero-Star rating from Charity Navigator, primarily due to its low overall score of 42%. The rating reflects significant concerns regarding the organization's financial management, specifically its program expense ratio, which stands at 41.75%. This indicates that a relatively small portion of its expenditures goes towards the organization's programs, raising questions about its efficiency and effectiveness in fulfilling its mission.

On a positive note, the foundation scores well in areas of accountability and governance. It boasts a fully independent board with all members meeting the criteria for independence, and it has a robust audit and oversight committee. Additionally, the organization documents its board meeting minutes and has no material diversion of assets, suggesting a degree of transparency in its operations.

Despite these strengths, the critical issues surrounding its financial ratios highlight a need for improvement in program funding and operational impact. The lack of substantial program expenses may undermine the organization's ability to achieve its goals and serve its intended beneficiaries effectively.

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

Shelter Funds Management Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shelter Funds Management Foundation 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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