Charles D Richardson Memorial Fund

Charity Navigator Rating: Zero-Star out of Four Star rating

The Charles D Richardson Memorial Fund has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. With an overall score of 44%, the nonprofit has failed to demonstrate transparency and governance, which are critical for building trust with donors and stakeholders.

One major area of weakness is the complete absence of independent board members, scoring 0 out of 10 points in this category. Additionally, the organization has not posted vital documents on its website, such as its tax form, which contributes to a lack of transparency. While the fund does have a conflict of interest policy and a document retention plan, the absence of a whistleblower policy raises further concerns about governance practices.

Despite some positive financial indicators, such as a low liabilities-to-assets ratio, the program expense ratio is relatively low at 51.93%, suggesting that a significant portion of funds may not be directed towards its intended charitable programs. Overall, the organization's lack of accountability measures and transparent practices could deter potential donors and limit its effectiveness in fulfilling its mission.

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

Charles D Richardson Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles D Richardson Memorial Fund 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: $12,446
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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