Overview
What is Philadelphia Aids Thrift?
Philadelphia Aids Thrift is a nonprofit organization situated at 71st South 5th Street, Philadelphia, Pennsylvania. Their primary mission is to generate funds for organizations in the Delaware Valley that offer services and programs related to HIV/AIDS. They accomplish this by operating a thrift store. By selling donated items, the organization contributes financially to the betterment of those living with HIV/AIDS in the Philadelphia region. Their workforce consists of 46 dedicated individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.
Philadelphia Aids Thrift has received an overall score of 86%, indicating a solid performance in terms of accountability and finance. With a Three-Star rating, the organization demonstrates a commitment to transparency and effective financial management, allowing donors to feel confident in their contributions.
The charity boasts a fully independent board of directors, which enhances its governance structure. It has achieved perfect scores in critical areas such as its audit and oversight committee, conflict of interest policies, and documentation of board meeting minutes. Additionally, the organization maintains a healthy balance between liabilities and assets, underscoring its financial stability.
While the charity excels in its financial metrics, it is essential for potential donors to consider the broader impact of its programs alongside these ratings. Overall, Philadelphia Aids Thrift appears to be a reliable nonprofit with a strong accountability framework, making it a commendable choice for contributions aimed at supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Philadelphia Aids Thrift legitimate?
Philadelphia Aids Thrift is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Aids Thrift 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: $761,548
For more financial information, click here
What is the mission statement of Philadelphia Aids Thrift?
Philadelphia Aids Thrift's mission is centered around raising funds for organizations in the Delaware Valley that provide services and programs for individuals affected by HIV/AIDS. They achieve this goal by operating a Thrift Store. The funds raised are then channeled to support these individuals living with HIV/AIDS in the Philadelphia region. The organization contributes to various 501(c)3 organizations, contributing to their mission of providing essential support for this vulnerable population.
Who is the CEO of Philadelphia Aids Thrift?
Michael Byrne is the Board President of Philadelphia Aids Thrift.
What is the revenue of Philadelphia Aids Thrift?
Philadelphia Aids Thrift's revenue in 2022 was $2,422,437.
Who are the executives of Philadelphia Aids Thrift and what are their salaries?
The average compensation at Philadelphia Aids Thrift during 2022 was $16,555. There are 46 employees and 125 volunteers at Philadelphia Aids Thrift.
Here are 14 key members and their salaries:
- Compensation: $59,815
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- Other: $25,704
- Compensation: $55,651
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- Other: $0
Where can I find the form 990 for Philadelphia Aids Thrift?
Philadelphia Aids Thrift's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Philadelphia Aids Thrift
Philadelphia Aids Thrift, a nonprofit organization, is dedicated to raising funds for Delaware Valley organizations that provide services and programs for individuals living with HIV/AIDS. To achieve this mission, Philadelphia Aids Thrift operates a Thrift Store. The primary goal of the Thrift Store is to generate funds, which are then contributed to various 501(C)3 organizations that offer support to individuals impacted by HIV/AIDS in the Philadelphia region. By operating the Thrift Store and distributing the collected funds, Philadelphia Aids Thrift plays a vital role in the community, contributing to the well-being and care of those affected by HIV/AIDS.
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Impact
October, 2024
Philadelphia AIDS Thrift significantly impacts the community by generating funds for organizations that provide essential services and programs for individuals living with HIV/AIDS. Through the operation of its thrift store, it not only offers affordable goods to the public but also directs revenue to various local 501(c)(3) organizations focused on enhancing the quality of life for those affected by HIV/AIDS in the Philadelphia region. This initiative fosters a sense of support and solidarity within the community, ensuring that vital resources and assistance are available to improve health outcomes and provide necessary support services. The positive ripple effect is felt across the Delaware Valley as these funds contribute to critical programs that address the diverse needs of individuals and families dealing with the effects of this disease.
This information is meant to be a general summary of Philadelphia Aids Thrift. 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.
- Gross Receipts: $2,543,100
Assets and Liabilities:
- Total Assets: $2,398,142
- Total Liabilities: $488,312
- Net Assets: $1,909,830
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Organization Details
Founding Year
2005
Phone
(215) 922-3186Principal Officer
Michael Byrne
Main Address
710 S 5TH STREET, PHILADELPHIA, PA, 19147
NTEE Category
Code: P29 - Human services
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