| Save the Redwoods League (The League) does not meet the following Standard for Charity Accountability. |
Standard 10: Ending Net Assets - Avoid accumulating funds that could be used for current program activities. To meet this standard, the charity's unrestricted net assets available for use should not be more than three times the size of the past year's expenses or three times the size of the current year's budget, whichever is higher. The League does not meet this Standard because:
- According to its audited financial statements for the fiscal year ending March 31, 2010, the organization's total unrestricted net assets (excluding land, building, and equipment assets) were $44,644,262, or 4 times the charity's total budgeted expenses of $10,366,124.
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| Save the Redwoods League (The League) meets the remaining 19 Standards for Charity Accountability. |