Overview
What is The Salt And Light Company?
The Salt and Light Company is a nonprofit organization situated in Westampton, New Jersey, with the postal address 1841 Burlington-Mount Holly Road, 08060. Their primary mission is to aid lower-income individuals and families in securing decent, affordable housing. They also extend their services to provide shelter for the homeless and offer various counseling and training programs. Their dedication extends beyond housing, as they aim to support and empower those in need. With a staff of 21 individuals, the Salt and Light Company plays a significant role in the community, serving as a beacon of hope and assistance.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84% (Three-Star out of Four Star rating)
The Salt And Light Company has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance, with an overall score of 84%. This score reflects a strong commitment to financial transparency and responsible management, as evidenced by their perfect scores in several key areas, including independent board membership and the absence of asset diversion.
The organization demonstrates a high level of program efficiency, with an impressive 94.70% of expenses directed toward its programs. Additionally, they have robust financial oversight mechanisms in place, such as a comprehensive audit process and established conflict of interest policies. These strengths highlight the nonprofit's dedication to using its resources effectively to fulfill its mission.
However, while the organization performs well in many financial aspects, there is room for improvement regarding its liabilities to assets ratio, which scored 9 out of 15 points. This suggests that the organization may have a relatively high level of liabilities compared to its assets, which could be a concern for long-term financial sustainability. Overall, The Salt And Light Company presents a positive picture of accountability but may need to address its financial leverage moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Salt And Light Company legitimate?
The Salt And Light Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salt And Light Company 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: $95,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $701,204
For more financial information, click here
What is the mission statement of The Salt And Light Company?
The Salt and Light Company's mission is centered around assisting lower income individuals and families in securing decent, affordable housing. Additionally, they provide shelter and various services to the homeless, and offer counseling and training to aid in their overall improvement. Their goal is to help these individuals and families improve their living situations and attain a better quality of life. The organization also extends its services to offer counseling and training to further support their cause.
Who is the CEO of The Salt And Light Company?
Kent R Pipes is the President of The Salt And Light Company.
What is the revenue of The Salt And Light Company?
The Salt And Light Company's revenue in 2022 was $4,249,425.
Who are the executives of The Salt And Light Company and what are their salaries?
The average compensation at The Salt And Light Company during 2022 was $37,960. There are 21 employees and 12 volunteers at The Salt And Light Company.
Here are 6 key members and their salaries:
- Compensation: $95,950
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salt And Light Company?
The Salt And Light Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salt And Light Company
The Salt and Light Company, as a nonprofit organization, is committed to assisting lower-income individuals and families in securing decent, affordable housing. Beyond this, they provide shelter and various other services to the homeless population. Additionally, they offer counseling and training programs to further support their mission. In simpler terms, this noble organization seeks to alleviate housing struggles for those with limited resources, offer temporary shelter to the homeless, and provide guidance and skill development through counseling and training programs.
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Impact
October, 2024
The Salt And Light Company significantly impacts the community by assisting lower-income individuals and families in securing decent and affordable housing. By providing essential shelter and various services to the homeless, they address immediate needs while fostering long-term stability. Additionally, their counseling and training programs empower individuals with the skills and resources necessary for self-sufficiency, ultimately enhancing the quality of life for those they serve in Westampton, NJ. Through these efforts, The Salt And Light Company plays a vital role in combating homelessness and promoting a more equitable society.
This information is meant to be a general summary of The Salt And Light Company. 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: $970,743
- Program Service Revenue: $2,910,604
- Gross Receipts: $4,331,161
Assets and Liabilities:
- Total Assets: $11,683,280
- Total Liabilities: $7,055,644
- Net Assets: $4,627,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$810,169
MANAGEMENT FEES
Revenue
$2,089,674
OTHER PROGRAM INCOME
Revenue
$10,761
Organization Details
Founding Year
1986
Phone
(609) 261-4571Principal Officer
Kent R Pipes
Main Address
1841 BURLINGTON-MOUNT HOLLY RD, WESTAMPTON, NJ, 08060
NTEE Category
Code: L410 - Housing
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