Society Of St Athanasius Inc

Charity Navigator Rating: 10%

The Society of St Athanasius Inc has received a very low rating of 10%, earning a Zero-Star out of Four Stars designation. This rating reflects significant concerns regarding the charity's accountability and financial transparency. Notably, the organization has no independent board members and lacks essential financial statements, which raises questions about its governance structure and operational oversight.

Additionally, the charity does not have critical policies in place, such as a conflict of interest policy or a whistleblower policy, which are vital for safeguarding the interests of both the organization and its stakeholders. The absence of these elements may indicate a lack of adherence to best practices in nonprofit management, thereby potentially compromising the charity’s effectiveness and credibility.

One notable positive aspect is that there was no material diversion of assets reported, demonstrating that the organization does not misuse its resources. However, the overall financial health is concerning, as indicated by its liabilities to assets ratio and program expense ratio, both of which suggest inadequate resource allocation towards its charitable mission.

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

Society Of St Athanasius Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of St Athanasius Inc 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: $453,932
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,562

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