Omega Alpha Academy

Rating from Charity Navigator: 88% (Three-Star out of Four Stars)

Omega Alpha Academy has received a solid Three-Star rating, reflecting a strong performance in accountability and finance with an overall score of 88%. This rating is particularly significant as it demonstrates the organization's commitment to transparency and effective financial management, which are crucial for building trust with donors and stakeholders.

The Academy has shown effective governance practices, highlighted by its independent board size, which consists of three independent members. Additionally, the organization has robust policies in place, such as a conflict of interest policy and a whistleblower policy, both of which are critical for maintaining ethical standards. Furthermore, they scored impressively in program expense ratio, utilizing over 91% of their expenses directly on program activities, indicating a strong focus on their mission.

However, one area for improvement is the percentage of independent board members, as only 50% of the board is independent. While this does not significantly detract from their overall accountability, increasing the number of independent members could further enhance governance practices. Overall, Omega Alpha Academy demonstrates a commendable level of financial integrity and effective program implementation.

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

Omega Alpha Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omega Alpha Academy 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: $251,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,552,377

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