Philomath Foundation

Charity Navigator Rating: 56% (One-Star out of Four Star rating)

The Philomath Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The charity's score is derived entirely from this area, highlighting the absence of independent board members and missing critical governance documents such as a conflict of interest policy and a whistleblower policy. These deficiencies contribute to a low overall score despite a strong program expense ratio of approximately 94.96%.

On a positive note, the foundation has no reported issues with material diversion of assets, maintaining a healthy liabilities to assets ratio of 5.43%. Additionally, it demonstrates some transparency by listing relevant documents on its website, including board meeting minutes. However, the absence of a posted tax form on the nonprofit's website points to further deficiencies in transparency and accountability.

Overall, while the Philomath Foundation excels in program expenses, its lack of independent governance and missing key policies significantly detracts from its rating. Prospective donors and stakeholders may want to consider these factors when evaluating the foundation's operational integrity and effectiveness.

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

Philomath Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philomath Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,460

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