Higher Ambition Leadership Alliance Inc

Charity Navigator Rating: Needs Improvement

Higher Ambition Leadership Alliance Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations and financial management. The organization scored 62%, which highlights some strengths, particularly in its independent board governance and program expense ratio. For instance, the organization has a fully independent board and a strong program expense ratio of 78.04%, suggesting that a significant portion of its funds are directed towards its programs.

However, the nonprofit faces notable challenges, particularly in financial stability, as indicated by its liabilities to assets ratio of 250.23% and a working capital ratio of -0.24 years. These figures suggest potential financial distress, which could hinder its ability to sustain operations and fulfill its mission. Additionally, the lack of a whistleblower policy and deficiencies in document retention practices are concerning and could impact transparency and accountability.

In summary, while Higher Ambition Leadership Alliance Inc demonstrates effective governance and efficient program spending, it must address its financial health and internal policies to improve its overall effectiveness and maintain donor trust.

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

Higher Ambition Leadership Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Higher Ambition Leadership Alliance 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: $601,637

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Official website here: www.higherambition.org