Charter Oak Gymnastics Boosters Club

Charity Navigator Rating: 47%, Zero-Star out of Four Star rating.

The Charter Oak Gymnastics Boosters Club has been rated at 47%, which results in a Zero-Star rating indicating significant areas of concern. The rating is derived from a single beacon score focused on Accountability & Finance. While the organization shows strengths such as having a fully independent board and no material diversion of assets, the overall financial health appears troubling, particularly with a program expense ratio of only 32.76%.

Strengths include the presence of a conflict of interest policy, a whistleblower policy, and the documentation of board meeting minutes, all of which contribute positively to its accountability framework. However, the charity's liabilities to assets ratio stands at 0.00%, suggesting potential financial instability.

The low program expense ratio indicates that a significant portion of the organization's funds may not be directed towards its core mission, raising questions about its effectiveness in serving its intended population. As a result, potential donors should exercise caution and consider the financial management practices of the organization before contributing.

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

Charter Oak Gymnastics Boosters Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charter Oak Gymnastics Boosters Club 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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