Institute Of Mentalphysics

Charity Navigator Rating: 46%, Zero-Star out of Four Star rating

The Institute of Mentalphysics has received a low score of 46%, which results in a Zero-Star rating. This score is primarily influenced by its Accountability & Finance metrics, indicating significant governance and transparency issues. The organization has no independent board members, which raises concerns about oversight and potential conflicts of interest.

Several critical policies and practices are notably absent, such as a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes. Additionally, financial statements are not available, which further diminishes the transparency expected of nonprofit organizations. While the organization does maintain a low liabilities-to-assets ratio, its overall financial reporting and governance practices are lacking.

On a positive note, the Institute of Mentalphysics allocates a substantial portion of its expenses (65.48%) towards programs, demonstrating a commitment to its mission. However, without proper governance and accountability measures in place, there are significant limitations in the organization's operations, leaving potential donors and stakeholders with valid concerns about its management and financial practices.

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

Institute Of Mentalphysics is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Mentalphysics 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: $407,454

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