Salem Village

Charity Navigator Rating: Needs Improvement (71%)

Salem Village has received a two-star rating, indicating that the organization has room for advancement in its accountability and financial practices. The organization has demonstrated strong governance features, with 90% of its board members being independent and a solid financial statement review process. Additionally, it maintains a high program expense ratio of 96.63%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs.

However, there are notable limitations in Salem Village's operations. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and risk management. Additionally, the organization’s liabilities to assets ratio of 89.35% indicates a high level of debt compared to its assets, which could impact its financial stability and long-term sustainability.

Overall, while Salem Village shows strengths in governance and program expenditure, addressing its policy gaps and financial leverage will be crucial for improving its rating and operational effectiveness.

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

Salem Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem Village 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: $122,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $63,670

For more financial information, click here