Overview
What is Common Touch Inc?
Common Touch Inc, with its headquarters located at 1413 Polaris Drive, Mobile, Alabama, is a dedicated nonprofit organization. Its primary mission is to assist individuals and families in reaching self-sufficiency, encompassing their physical, emotional, and spiritual well-being. The organization provides essential resources and demonstrates the importance of financial literacy, empowering individuals through instruction and example. As part of its mission, Common Touch Inc has granted funding to support Diamond in the Rough, an initiative that helps eligible individuals secure homes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Common Touch Inc has received a solid Three-Star rating from Charity Navigator, with an overall score of 87%. This rating is derived solely from the Accountability & Finance beacon score, reflecting the organization's commitment to transparency and responsible financial practices. The high score indicates that the organization maintains rigorous standards in these areas, which is crucial for donor trust and effective operations.
The nonprofit demonstrates strengths in governance, with a fully independent board comprised of 100% independent members and no material diversion of assets. Additionally, the presence of listed policies for conflict of interest, whistleblower protection, and document retention enhances its credibility. The organization also excels in financial management, boasting a liabilities to assets ratio of 0.00%, which suggests sound financial health.
However, while the program expense ratio stands at a commendable 70.98%, indicating that a significant portion of resources is directed toward its programs, further evaluation of program outcomes and community impact may be beneficial for a more comprehensive understanding of its effectiveness. Overall, Common Touch Inc appears to be a well-managed nonprofit focused on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Common Touch Inc legitimate?
Common Touch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Touch 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Common Touch Inc?
Common Touch Inc's mission is centered around helping individuals achieve holistic well-being. This encompasses providing sufficiency for both physical and spiritual needs, as well as essentials for daily living. The organization also aims to empower individuals by teaching and demonstrating the value of self-sufficiency, particularly in financial literacy. Their activities extend to providing grants, such as the one for Diamond in the Rough, which assists individuals and families in securing homes.
What is the revenue of Common Touch Inc?
Common Touch Inc's revenue in 2023 was $5,000.
Who are the executives of Common Touch Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Common Touch Inc?
Common Touch Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Common Touch Inc
Common Touch Inc is an organization dedicated to helping individuals achieve wholeness. This encompasses providing all necessary resources for their physical, emotional, and spiritual well-being, along with ensuring they have everything needed for daily living. The organization's mission is to empower individuals by teaching and demonstrating the value of self-sufficiency and financial literacy. By doing so, Common Touch Inc aims to uplift and support individuals, enabling them to lead fulfilling lives. The grant provided to Diamond in the Rough is a testament to Common Touch Inc's commitment to helping individuals and families qualify for homes, further underscoring its mission to aid in overall well-being and self-sufficiency.
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Impact
August, 2024
Common Touch Inc has a significant impact on individuals and families in Mobile, Alabama by providing support and resources to help them achieve wholeness in body, soul, and spirit. Through their focus on financial literacy and empowerment, they are helping people qualify for homes and improve their quality of life. Their work exemplifies the value of self-sufficiency and demonstrates a commitment to supporting the overall well-being of the community they serve.
This information is meant to be a general summary of Common Touch 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 2023.
- Gross Receipts: $5,000
Assets and Liabilities:
- Total Assets: $97,084
- Total Liabilities: $0
- Net Assets: $97,084
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Organization Details
Founding Year
2004
Principal Officer
Ruby Mcmillian
NTEE Category
Code: P20 - Human services
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