Horseless Carriage Foundation Inc

Charity Navigator Rating: 80%, Three-Star out of Four Star rating.

The Horseless Carriage Foundation Inc has received a solid 80% rating from Charity Navigator, highlighting its effective accountability and finance practices. The organization demonstrates excellent governance with 100% of its board members being independent and maintaining a well-sized board of six members. This strong structure likely contributes to its sound financial practices, as seen in its low liabilities to assets ratio of 0.75%.

Additionally, the foundation excels in its program expense ratio, with 73.55% of its budget allocated directly to its programs, indicating a strong commitment to its mission. The presence of a conflict of interest policy and thorough documentation of board meeting minutes further enhance its transparency and operational integrity. However, while the organization shows many strengths, a deeper review of its overall impact and community feedback could provide a more comprehensive understanding of its effectiveness.

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

Horseless Carriage Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Horseless Carriage Foundation 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: $33,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,388

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