Overview
What is The Children's Home Of Reading?
The Children's Home of Reading is a dedicated nonprofit organization situated in Reading, Pennsylvania. Their primary mission is to gather funds to support affiliate organizations that deliver essential services to local youths. These services encompass various aspects like community residential care, shelter care, foster care, and programs focusing on drug and alcohol rehabilitation. By raising funds, The Children's Home of Reading plays a crucial role in enhancing the well-being of county youths, ensuring they receive the necessary support and care.
Official website here: www.childrenshomeofrdg.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating
The Children's Home of Reading has received a low rating of 56% from Charity Navigator, indicating concerns regarding its financial health and effectiveness. The organization's performance in accountability and finance has been noted, with an independent board and solid oversight mechanisms in place. However, significant issues arise due to its poor program expense ratio of 13.54%, suggesting a low level of spending on programs relative to total expenses.
While the charity exhibits strengths such as no material diversion of assets and a fully independent board, it has been criticized for its liabilities to assets ratio, which stands at 2.77%, indicating potential financial instability. Furthermore, the absence of its tax form on the nonprofit's website detracts from transparency and accountability efforts, contributing to its overall low score.
In summary, although The Children's Home of Reading demonstrates some positive governance practices, its financial management raises red flags. Potential donors and stakeholders may want to consider these factors carefully when evaluating the charity's overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Children's Home Of Reading legitimate?
The Children's Home Of Reading is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Children's Home Of Reading 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: $0
For more financial information, click here
Official website here: www.childrenshomeofrdg.org
What is the mission statement of The Children's Home Of Reading?
The Children's Home of Reading's mission is centered around raising funds to support affiliate organizations that offer various services to county youths. These services encompass community residential care, shelter care, foster care, and programs aimed at addressing drug and alcohol issues. The primary objective is to ensure these organizations have the necessary financial resources to carry out their missions, thus benefiting the youths in their care. By contributing to these affiliates, the Children's Home of Reading plays a crucial role in enhancing the well-being and development of these youths.
Official website here: www.childrenshomeofrdg.org
What is the revenue of The Children's Home Of Reading?
The Children's Home Of Reading's revenue in 2023 was $670,928.
Official website here: www.childrenshomeofrdg.org
Who are the executives of The Children's Home Of Reading and what are their salaries?
There 12 volunteers at The Children's Home Of Reading.
Here are 20 key members and their salaries:
- Compensation: $2,938
- Related: $1,293,882
- Other: $10,605
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $110,480
- Other: $8,497
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $95,607
- Related: $373,003
- Other: $13,404
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $243,511
- Other: $13,016
- Compensation: $3,109
- Related: $960,898
- Other: $8,597
- Compensation: $0
- Related: $270,118
- Other: $1,892
Official website here: www.childrenshomeofrdg.org
Where can I find the form 990 for The Children's Home Of Reading?
The Children's Home Of Reading's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.childrenshomeofrdg.org
Learn more at the official website: www.childrenshomeofrdg.org
Mission Statement of The Children's Home Of Reading
The Children's Home of Reading is an organization dedicated to raising funds to support affiliate organizations that provide various services to county youths. Their mission is centered around enhancing the lives of young individuals by funding programs that offer community residential care, shelter care, foster care, and assistance for drug and alcohol issues. By making contributions to these affiliate organizations, The Children's Home of Reading aims to ensure that these vital services are accessible to the youth in need, thereby contributing to their overall well-being and development.
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Impact
July, 2024
The Children's Home of Reading's impact is felt through its efforts to raise funds for affiliate organizations providing essential services to county youths. By supporting programs such as community residential care, shelter care, foster care, and drug and alcohol programs, the organization plays a crucial role in improving the well-being and prospects of children in need. Through its dedication to raising funds for these vital services, The Children's Home of Reading positively impacts the lives of vulnerable youths in the community.
This information is meant to be a general summary of The Children's Home Of Reading. 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 2023.
- Investment Income: $172,548
- Program Service Revenue: $85,561
- Gross Receipts: $1,146,757
Assets and Liabilities:
- Total Assets: $19,018,465
- Total Liabilities: $2,654,584
- Net Assets: $16,363,881
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Intercompany Revenue
Revenue
$85,561
Organization Details
Founding Year
1888
Principal Officer
Dr Vincent J Lasorsa
Website
www.childrenshomeofrdg.orgNTEE Category
Code: P70Z - Human services
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