City Of Light Performing Arts

Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.

The City Of Light Performing Arts, operating as the Seattle Choral Company, has received a low rating primarily due to its accountability and financial management. The rating reflects a significant weakness in several key areas, particularly in the absence of essential policies such as conflict of interest and whistleblower protections, which are critical for organizational governance. While the organization boasts a fully independent board and has positive marks for asset management and board meeting documentation, these strengths are overshadowed by the shortcomings in policy implementation.

Financially, the organization's program expense ratio is concerning, indicating that a lower percentage of its budget is allocated to its programs than is often expected for nonprofits. Additionally, the liabilities to assets ratio presents potential financial risks, further highlighting the need for improved fiscal management. Although the presence of independent board members is a positive aspect, the overall financial health and accountability practices require significant improvement to enhance trust and efficacy.

In summary, while the Seattle Choral Company has a competent governance structure with an independent board, it faces critical challenges in policy development and financial management. Addressing these issues is crucial for the organization to improve its rating and better fulfill its mission.

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

City Of Light Performing Arts is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Of Light Performing Arts submitted a form 990EZ, 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.

Official website here: www.seattlechoralcompany.org