Serenitystar

Charity Navigator Rating: Needs Improvement

Serenitystar has received a two-star rating from Charity Navigator, indicating that while there are some strengths in its operations, there are significant areas needing improvement. The organization boasts a fully independent board, which is a positive aspect, and it has demonstrated effective program expense management, with 99.71% of expenses directed towards its programs. However, the overall accountability and finance score of 66% suggests potential transparency issues.

A critical concern is the lack of financial statements available for public access, which affects transparency and accountability. Additionally, the organization has a high liabilities to assets ratio of 82.03%, which may raise questions about its financial health. Although the nonprofit has policies in place for conflicts of interest and whistleblowing, the absence of its tax forms on the website further detracts from its credibility.

Overall, while Serenitystar has established good governance practices with its independent board and high program expense ratio, the financial transparency issues and high liabilities indicate that potential donors should proceed with caution. Addressing these limitations could enhance its rating and trustworthiness in the nonprofit sector.

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

Serenitystar is a legitimate nonprofit organization registered as a 501(c)(3) entity. Serenitystar 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

For more financial information, click here

Official website here: www.serenitystar.org