Foundation For Multicultural Solutions

Charity Navigator Rating: 94%, Four-Star out of Four Star rating.

The Foundation For Multicultural Solutions received an impressive score of 94%, which reflects its strong commitment to accountability and financial health. This rating is particularly significant as it is based entirely on the Accountability & Finance beacon, highlighting the charity's transparency and effective management practices. The organization has achieved a perfect score in several areas, including its independent board membership, with 83% of board members being independent, which underscores its governance strength.

The organization showcases robust financial practices, evidenced by a low liabilities to assets ratio of 7.43% and a program expense ratio of 72%. These figures indicate that a significant majority of their funding is directed towards programs, ensuring that resources are effectively utilized to achieve their mission. Furthermore, the presence of key policies such as conflict of interest and whistleblower policies indicates a structured approach to governance and ethical standards.

While the data reflects high marks across various accountability measures, no specific limitations are noted in the user feedback or rating details. The organization's strong focus on accountability suggests a solid reputation among stakeholders, positioning it well within the nonprofit sector.

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

Foundation For Multicultural Solutions is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Multicultural Solutions 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.