Overview
What is Ruths Room Inc?
Ruths Room Inc is a nonprofit organization that primarily raises funds for charitable donations through its resale store. This store serves as their primary source of income, and all the items sold are generously donated by the community. The organization's mission revolves around utilizing these funds to support various charitable causes. By operating a non-profit resale store, Ruths Room Inc plays a vital role in recycling goods while simultaneously contributing to worthy causes, thereby making a positive impact in its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% - Three-Star out of Four Star rating.
Ruth's Room Inc has achieved a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. With a score of 76%, this rating indicates that the organization is effectively managing its resources and adhering to transparency standards. The high scores in areas such as the presence of conflict of interest and whistleblower policies underscore its commitment to ethical governance.
The organization has 66% independent board members, which enhances its decision-making processes and reduces potential conflicts of interest. Additionally, it scores well in program expense ratio at 72.20%, showing that a significant percentage of its expenditures are directed towards its charitable programs, which is a positive indication of its operational efficiency.
While the overall rating is strong, there is limited information regarding specific programs and their impacts, which may be a consideration for potential donors. Nonetheless, the lack of material diversion of assets and strong financial practices provide a reassuring outlook for stakeholders interested in supporting Ruth's Room Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Ruths Room Inc legitimate?
Ruths Room Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ruths Room 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: $156,525
For more financial information, click here
What is the mission statement of Ruths Room Inc?
Ruth's Room Inc's mission revolves around raising funds for charitable donations. They accomplish this by operating and managing a non-profit resale store as their primary fundraising activity. The items sold in this store are all donated, serving as a source of funds for their charitable endeavors. In essence, Ruth's Room Inc is dedicated to utilizing the donated merchandise to generate funds that will subsequently be donated to various charitable causes.
Who is the CEO of Ruths Room Inc?
Barbara Lindley is the Treasurer of Ruths Room Inc.
What is the revenue of Ruths Room Inc?
Ruths Room Inc's revenue in 2022 was $546,685.
Who are the executives of Ruths Room Inc and what are their salaries?
The average compensation at Ruths Room Inc during 2022 was $22,361. There are 7 employees and 30 volunteers at Ruths Room Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ruths Room Inc?
Ruths Room Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ruths Room Inc
Ruth's Room Inc, a charitable organization, is committed to its primary mission of raising funds. They achieve this objective through the operation and maintenance of a non-profit resale store. This store serves as their primary source of income, and all the items sold within it are generously donated. The organization's ultimate aim is to utilize these funds for charitable donations, thereby contributing positively to various causes and communities in need.
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Impact
July, 2024
Ruth's Room Inc makes a significant impact by raising funds for charity donations through its non-profit resale store in Denton, TX. The organization's primary mission is to support human services through the resale of donated items. This impact is seen in the support provided to those in need through the charity donations funded by the proceeds of the resale store.
This information is meant to be a general summary of Ruths Room 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.
- Program Service Revenue: $508,129
- Gross Receipts: $546,685
Assets and Liabilities:
- Total Assets: $1,139,949
- Total Liabilities: $662,407
- Net Assets: $477,542
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Retail Sales
Revenue
$508,129
Organization Details
Founding Year
2003
Phone
(940) 591-7884Principal Officer
Barbara Lindley
Main Address
1721 N CARROLL BLVD, DENTON, TX, 76201
NTEE Category
Code: P29 - Human services
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