Overview
What is Rose Of Sharon Inc?
Rose of Sharon Inc, located in Huntsville, Alabama, serves as a compassionate nonprofit organization. With a team of 23 dedicated individuals, they primarily rely on donations to provide essentials such as food, clothing, and other necessary items to those experiencing homelessness. Their mission is to alleviate the hardships faced by this vulnerable population, aiming to improve their overall well-being and quality of life. The organization's core activity revolves around meeting the basic needs of those in need, demonstrating a strong commitment to community support and service.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Rose Of Sharon Inc has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored poorly in several key areas, including the independence of board members and the availability of financial statements, which suggests a lack of transparency and governance.
Despite these shortcomings, the charity does demonstrate some positive aspects, such as a strong program expense ratio of 65.26%, indicating that a considerable portion of its expenditures is directed towards its programs rather than administrative costs. Additionally, it scored perfectly on the material diversion of assets, showing no evidence of mismanagement in that area.
However, the organization has critical gaps to address, particularly in board independence and transparency, as evidenced by its failure to meet basic standards for financial governance and policy documentation. Improving these areas will be essential for building trust and enhancing its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Rose Of Sharon Inc legitimate?
Rose Of Sharon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rose Of Sharon 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: $93,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $224,169
For more financial information, click here
What is the mission statement of Rose Of Sharon Inc?
Rose of Sharon Inc's mission is centered around providing essential aid to individuals in need. This encompasses the provision of food, clothing, and other fundamental necessities. The organization primarily relies on donated resources, using them to prepare meals and distribute clothing, along with other necessary items, to the homeless community.
Who is the CEO of Rose Of Sharon Inc?
Theresa Wilson is the Ceo of Rose Of Sharon Inc. The CEO's salary of Rose Of Sharon Inc is $93,586 and their total compensation is $93,586.
What is the revenue of Rose Of Sharon Inc?
Rose Of Sharon Inc's revenue in 2022 was $836,213.
Who are the executives of Rose Of Sharon Inc and what are their salaries?
The average compensation at Rose Of Sharon Inc during 2022 was $13,815. There are 23 employees at Rose Of Sharon Inc.
There is 1 key member and their salary:
- Compensation: $93,586
- Related: $0
- Other: $0
Where can I find the form 990 for Rose Of Sharon Inc?
Rose Of Sharon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rose Of Sharon Inc
Rose of Sharon Inc, a nonprofit organization, is dedicated to meeting the fundamental needs of individuals who find themselves in challenging circumstances. Their mission, as stated, is to provide essentials such as food, clothing, and other basic necessities to those who are in need. By primarily utilizing donated resources, this nonprofit offers meals, clothing, and various other necessary items to the homeless population, demonstrating their commitment to alleviating hardships and fostering a sense of support and care within their community.
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Impact
October, 2024
Rose Of Sharon Inc has a significant impact in Huntsville, Alabama, by addressing the immediate needs of individuals and families facing hardship. By providing food, clothing, and other essential items, the organization plays a crucial role in alleviating hunger and enhancing the quality of life for the homeless and those in need. Utilizing mostly donated resources, Rose Of Sharon Inc not only supplies meals and clothing but also fosters a sense of community support. Their mission effectively helps to bridge the gap for those who may be struggling, ensuring access to basic necessities and contributing to overall social well-being in the region.
This information is meant to be a general summary of Rose Of Sharon 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: $964
- Gross Receipts: $836,213
Assets and Liabilities:
- Total Assets: $187,615
- Total Liabilities: $2,926
- Net Assets: $184,689
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Organization Details
Founding Year
2003
Principal Officer
Theresa Wilson
Main Address
723 Arcadia Circle NW, Huntsville, AL, 35801
NTEE Category
Code: K35 - Food
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