Overview
What is Household Goods Inc?
Household Goods Inc, situated in Acton, Massachusetts, operates as a nonprofit organization. Their primary mission is to collect and distribute donated household items to individuals and families in need, free of charge. The organization relies on the generosity of the local community for goods, time, and financial support, with over 1,000 volunteers contributing in 2022. Household Goods Inc. serves over 7,000 children and adults referred by 325 social service agencies, providing them with essential furniture and household items. The organization is staffed by volunteers and has five paid employees, operating primarily in Acton and surrounding towns, but distributing throughout Massachusetts.
Official website here: www.householdgoods.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Household Goods Inc has received an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and transparency in its operations. With an overall score of 97%, the organization excels particularly in the Accountability & Finance category, where it scored 93%. This reflects a solid governance structure, including a fully independent board and effective oversight practices.
The organization demonstrates exceptional financial health, as evidenced by a high program expense ratio of 96.91% and minimal liabilities to assets at 14.77%. These metrics suggest that Household Goods Inc effectively allocates its resources towards its mission and maintains a strong fiscal position. Additionally, their fundraising efficiency is notably low at $0.012, which may indicate room for improvement in fundraising strategies.
In terms of culture and community, the organization scored a perfect 100%. This includes exemplary constituent feedback practices, where they not only collect but also utilize feedback effectively. Overall, the high ratings in both accountability and community engagement underscore Household Goods Inc's dedication to its mission and the communities it serves, though there may be some opportunity to enhance fundraising efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Household Goods Inc legitimate?
Household Goods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Household Goods 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: $104,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,143
For more financial information, click here
Official website here: www.householdgoods.org
What is the mission statement of Household Goods Inc?
Household Goods Inc, as a non-profit organization, collects donated household items and makes them available to individuals and families in need. The organization's mission statement is to provide a full range of donated furniture and household items, free of charge, to aid people in need in establishing a home. Household Goods Inc operates with a goal to assist those who are struggling, distributing these items throughout their community and beyond. By doing so, they aim to contribute to the creation of stable living environments for those in need.
Official website here: www.householdgoods.org
Who is the CEO of Household Goods Inc?
Mimi Deck Rutledge is the Director of Household Goods Inc.
Official website here: www.householdgoods.org
What is the revenue of Household Goods Inc?
Household Goods Inc's revenue in 2022 was $3,911,848.
Official website here: www.householdgoods.org
Who are the executives of Household Goods Inc and what are their salaries?
The average compensation at Household Goods Inc during 2022 was $50,168. There are 6 employees and 1136 volunteers at Household Goods Inc.
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Official website here: www.householdgoods.org
Where can I find the form 990 for Household Goods Inc?
Household Goods Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.householdgoods.org
Learn more at the official website: www.householdgoods.org
Mission Statement of Household Goods Inc
Household Goods Inc, as a non-profit organization, is dedicated to collecting donated household items and making them accessible to those in need. The mission of this organization is to provide a diverse range of donated furniture and household goods, free of charge, to individuals and families who are struggling. Household Goods Inc strives to help these people create a home for themselves, thereby contributing to their overall well-being and sense of stability. The organization operates in a collaborative manner, relying on contributions from the local community, primarily from Acton, Massachusetts, and its surrounding towns. Household Goods Inc then distributes these items to families and individuals throughout the state, ensuring that those in need have access to essential household items.
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Impact
July, 2024
Household Goods Inc's impact is significant as it provides a crucial service to individuals and families in need by collecting donated household items and making them available free of charge. Through the efforts of over 1,000 volunteers, Household Goods furnished living spaces for 7,000 children and adults referred from 325 social service agencies in 2022. This organization, staffed by volunteers and coordinated by five paid employees, relies on the generosity of the community for goods, time, and financial support. Its mission to help people in need make a home is evident in the tangible assistance it provides to those facing difficult circumstances in Massachusetts.
This information is meant to be a general summary of Household Goods Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $24,561
- Program Service Revenue: $27,255
- Gross Receipts: $3,966,129
Assets and Liabilities:
- Total Assets: $5,210,888
- Total Liabilities: $823,484
- Net Assets: $4,387,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PICK UP DONATIONS
Revenue
$18,393
CONSIGNMENT SALES
Revenue
$8,862
Organization Details
Founding Year
1999
Phone
(978) 635-1710Principal Officer
Mimi Deck Rutledge
Main Address
530 MAIN STREET, ACTON, MA, 01720
Website
www.householdgoods.orgNTEE Category
Code: P60 - Human services
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