Tacoma City Ballet

Charity Navigator Rating: 69% (Two-Star out of Four Stars)

Tacoma City Ballet has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The overall score is based entirely on their accountability and finance score of 69%. This score reflects the organization’s commitment to transparency, as they have independent board members and no material diversion of assets.

The organization demonstrates solid practices, such as having a majority of independent board members and a favorable liabilities to assets ratio of 13.42%. Additionally, they have maintained a 100% program expense ratio, suggesting that all their expenditures are directed towards their charitable missions. However, areas of concern include the absence of key policies like a conflict of interest policy, a whistleblower policy, and a document retention policy, which were noted as missing in their accountability metrics.

Despite these limitations, Tacoma City Ballet shows a commitment to its financial responsibilities, but improvements in governance policies could enhance their rating and overall organizational strength. The current evaluation highlights both the positive attributes and the necessary areas for growth within the nonprofit.

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

Tacoma City Ballet is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tacoma City Ballet 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: $72,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,458

For more financial information, click here

Official website here: www.tacomacityballet.com