Chalcedon Inc

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 62%)

Chalcedon Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas needing significant improvement. With an overall score of 62%, the charity demonstrates a decent program expense ratio of 90.01%, which suggests that the majority of its funds are allocated towards its programs. However, the lack of essential financial documentation, such as financial statements and a posted tax form, raises concerns about transparency and accountability.

The organization benefits from a strong independent board presence, with 66% of its board members being independent. Nonetheless, it falls short in other governance aspects, lacking critical policies such as a conflict of interest policy and a whistleblower policy. Furthermore, the independent board size is minimal, comprising only two members, which may limit diverse oversight.

While there are no reported material diversions of assets and a low liabilities to assets ratio of 2.81%, the absence of key governance policies undermines confidence in the organization's operations. Overall, Chalcedon Inc shows potential through its programmatic focus but must address its financial transparency and governance practices to enhance its rating and public trust.

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

Chalcedon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chalcedon 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: $116,961
Professional Fundraising Fees: $0
Other Salaries and Wages: $466,567

For more financial information, click here

Official website here: www.chalcedon.edu