City Academy

Charity Navigator Rating 77% - Three-Star out of Four Star rating

City Academy has achieved a Three-Star rating from Charity Navigator, primarily based on its strong performance in accountability and finance. The charity's governance is commendable, with 88% of its board members being independent, ensuring that decision-making is free from conflicts of interest. Additionally, the organization has solid financial oversight, demonstrated by a fully audited financial statement and the presence of an Audit and Oversight Committee.

The organization excels in several key areas, including its conflict of interest and whistleblower policies, as well as its commitment to transparency through documented board meeting minutes. Program expenses are also noteworthy, as City Academy directs a significant portion of its budget towards its mission-related activities, with an impressive program expense ratio of 80.54%.

However, there are areas for improvement, particularly regarding the liabilities to assets ratio, which is slightly concerning at 100.04%. This metric indicates that the organization's liabilities equal or exceed its assets, raising potential questions about financial stability. Overall, while City Academy demonstrates strong governance and programmatic focus, addressing its financial ratios could enhance its stability and trust among stakeholders.

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

City Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. City 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: $3,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,342,601

For more financial information, click here

Official website here: www.cityacademyslc.org