Patricia King Ministries

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)

Patricia King Ministries has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas despite a strong accountability and finance score of 100%. The organization demonstrates a commitment to some best practices, including a majority of independent board members, a solid program expense ratio of 96.20%, and no reported material diversion of assets. Its liability to assets ratio also reflects a stable financial position.

However, the evaluation reveals significant shortcomings, particularly the absence of a whistleblower policy and the lack of financial statements, which contributed to a low score in some governance metrics. While the organization has policies in place for conflict of interest and document retention, the overall lack of transparency could raise concerns among potential donors and stakeholders about its operations and financial reporting practices.

In summary, while Patricia King Ministries showcases strong financial management and effective program spending, improvements in governance practices and transparency are necessary for a higher rating. Addressing these issues could enhance trust and encourage further support from the community.

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

Patricia King Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patricia King Ministries 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: $299,507
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,002

For more financial information, click here

Official website here: www.patriciaking.com