Overview
What is Benevolence Industries Inc?
Benevolence Industries Inc, a nonprofit organization based in Torrance, California, with a workforce of 116 employees, is dedicated to serving the community's population with low income by providing essential medical and social services. Their mission is centered around enhancing the lives of those in need, focusing on both healthcare and social support. Established at 1010 Crenshaw Blvd, they offer a range of services, ensuring their beneficiaries receive the necessary resources to thrive.
Official website here: www.bhchealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Stars)
Benevolence Industries Inc has received a Three-Star rating from Charity Navigator, with an overall score of 78%. This score is based solely on its Accountability & Finance metrics, indicating a solid performance in these areas. The organization boasts a fully independent board and has a high program expense ratio, meaning that a significant portion of its funds directly supports its programs.
Strengths of Benevolence Industries include full compliance with board independence, thorough financial oversight, and effective conflict of interest policies. The absence of any material diversion of assets further underscores its financial integrity. The organization has also demonstrated a strong commitment to transparency by maintaining detailed financial statements and board meeting minutes.
However, there are notable limitations. The charity is missing a whistleblower policy, which could impact its accountability framework, and it has not posted its tax form on its website, a factor that could hinder transparency. Additionally, its liabilities to assets ratio indicates some financial vulnerability. While the charity shows strength in many areas, addressing these gaps could enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Benevolence Industries Inc legitimate?
Benevolence Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benevolence Industries 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: $521,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,080,455
For more financial information, click here
Official website here: www.bhchealth.org
What is the mission statement of Benevolence Industries Inc?
Benevolence Industries Inc is dedicated to making a difference in the lives of individuals from low-income backgrounds in the community. Their primary mission is to provide essential medical and social services to cater to the unique needs of this population. Through their initiatives, they aim to enhance the overall well-being and quality of life for those who might not otherwise have access to these crucial services. By focusing on both medical and social aspects, they create holistic solutions to improve health and stability, ensuring that everyone has the opportunity to thrive.
Official website here: www.bhchealth.org
Who is the CEO of Benevolence Industries Inc?
Kwabena Obeng is the Chairperson of Benevolence Industries Inc. The CEO's salary of Benevolence Industries Inc is $240,000 and their total compensation is $240,000.
Official website here: www.bhchealth.org
What is the revenue of Benevolence Industries Inc?
Benevolence Industries Inc's revenue in 2022 was $14,803,866.
Official website here: www.bhchealth.org
Who are the executives of Benevolence Industries Inc and what are their salaries?
The average compensation at Benevolence Industries Inc during 2022 was $48,291. There are 116 employees at Benevolence Industries Inc.
Here are 10 key members and their salaries (Benevolence Industries Inc's CEO's salary is $240,000 and their total compensation is $240,000):
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- Compensation: $240,000
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- Compensation: $281,250
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Official website here: www.bhchealth.org
Where can I find the form 990 for Benevolence Industries Inc?
Benevolence Industries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bhchealth.org
Learn more at the official website: www.bhchealth.org
Mission Statement of Benevolence Industries Inc
Benevolence Industries Inc, a notable nonprofit organization, is dedicated to making a significant difference in the lives of those with limited financial resources within the community. By focusing on both medical and social services, this charitable entity strives to improve the overall well-being of its clientele.
In essence, Benevolence Industries Inc serves as a beacon of hope and support for individuals facing economic challenges. Its primary objective is to address their essential needs, ensuring they have access to crucial resources that may otherwise be out of reach. The organization's commitment to medical and social services is designed to foster healthier, more stable living conditions, ultimately contributing to the betterment of individuals and the community at large.
The team at Benevolence Industries Inc works tirelessly to provide essential medical care and social support tailored to the unique requirements of each individual. Through their compassionate approach, they aim to elevate the quality of life for the underprivileged, offering them a renewed sense of hope and self-worth. By providing comprehensive services, this organization empowers its clients to overcome the challenges associated with low income and ultimately lead more fulfilling lives.
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Impact
October, 2024
Benevolence Industries Inc plays a vital role in enhancing the well-being of low-income populations in Torrance, CA, by providing essential medical and social services. Their efforts address critical health needs, ensuring access to necessary healthcare and support systems for individuals who might otherwise struggle to obtain these resources. This commitment not only fosters improved health outcomes but also empowers community members, helping to uplift lives and promote greater social equity. Through their comprehensive services, they contribute significantly to the overall health and vitality of the community, facilitating a more inclusive environment where all individuals can thrive.
This information is meant to be a general summary of Benevolence Industries 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: $8,118,066
- Gross Receipts: $14,803,866
Assets and Liabilities:
- Total Assets: $7,804,670
- Total Liabilities: $5,351,780
- Net Assets: $2,452,890
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL SERVICE REVENUE
Revenue
$8,118,066
Organization Details
Founding Year
2007
Phone
(323) 732-0100Principal Officer
Kwabena Obeng
Main Address
1010 CRENSHAW BLVD, TORRANCE, CA, 90501
Website
www.bhchealth.orgNTEE Category
Code: E32 - Health
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