Kiva Spirit Foundation

Charity Navigator Rating: Very poor

The Kiva Spirit Foundation has received a very poor rating from Charity Navigator, scoring only 36% overall and earning a zero-star rating. While the organization excels in accountability and finance with a perfect score, it faces significant challenges in other areas of governance and transparency. Notably, there are missing policies crucial for good governance, such as conflict of interest and whistleblower policies, which raises concerns about operational integrity.

Despite the strong performance in having an independent board and no material diversion of assets, the foundation's liabilities to assets ratio is alarmingly high at 3721.64%. This suggests potential financial instability and raises red flags regarding its financial health. Additionally, the lack of publicly available documents, such as the tax form on its website, further diminishes transparency.

Overall, while the Kiva Spirit Foundation demonstrates some strengths in governance structure, the significant gaps in policies and alarming financial ratios indicate a need for improvement to enhance its credibility and effectiveness as a nonprofit organization.

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

Kiva Spirit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiva Spirit 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: $48,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,035

For more financial information, click here

Official website here: www.kivaspirit.org