Chung Wah Tao Tak Tong Sf Inc

Charity Navigator Rating: One-Star out of Four Stars (50%)

Chung Wah Tao Tak Tong Sf Inc has received a low rating of 50%, reflecting significant concerns regarding its accountability and financial practices. The organization lacks independent board members and has not established essential governance policies, which include conflict of interest, whistleblower, and document retention policies. The absence of these mechanisms suggests potential vulnerabilities in oversight and transparency that can affect donor trust.

Despite these shortcomings, the nonprofit demonstrates a strong commitment to its mission, evidenced by an impressive program expense ratio of 99.12%. This indicates that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has no material diversion of assets, which speaks to its integrity in financial management.

However, several critical compliance issues remain unaddressed, particularly the failure to provide necessary documentation on its website, such as board meeting minutes and tax forms. This lack of transparency could hinder the organization's reputation and ability to attract future funding. Overall, while Chung Wah Tao Tak Tong Sf Inc shows dedication to its programs, immediate attention is needed to improve its governance and accountability practices.

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

Chung Wah Tao Tak Tong Sf Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chung Wah Tao Tak Tong Sf 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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