Overview
What is We Share Hope?
We Share Hope is a compassionate nonprofit organization, situated in Rumford, Rhode Island (RI), with a mission to extend aid. They generously donate food to various organizations, supporting individuals and families who are homeless, struggling financially, elderly, disabled, military veterans, and those working yet still experiencing poverty. Their primary objective is to make sure these organizations have the necessary sustenance to feed the less fortunate, distressed, and underprivileged individuals in their communities. With 18 dedicated employees, We Share Hope plays a significant role in alleviating food insecurity in their region.
Official website here: www.wesharehope.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% - Three-Star out of Four Star Rating
We Share Hope has received an 85% rating on Charity Navigator, indicating a solid level of accountability and financial management. The organization excels particularly in its Accountability & Finance segment, scoring 74%, primarily due to its independent board members and a strong program expense ratio of 93.19%. The absence of material diversion of assets and robust document management practices further reinforce its financial integrity.
The nonprofit demonstrates a notable commitment to community engagement and feedback mechanisms, achieving a score of 91% in Culture & Community. With perfect scores in constituent feedback collection and usage, We Share Hope prioritizes the voices of those it serves, ensuring that its strategies align with community needs. This responsiveness is key to fostering a positive organizational culture.
However, the organization encountered challenges with fundraising efficiency, scoring poorly in that area. While the majority of its spending goes directly to programs, the low fundraising efficiency ratio suggests that it may need to reassess its fundraising strategies to enhance overall financial health. Despite this limitation, We Share Hope remains a reputable organization with strong leadership and adaptability.
This AI summary has been generated from information found on Charity Navigator.
Is We Share Hope legitimate?
We Share Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. We Share Hope 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: $73,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,785
For more financial information, click here
Official website here: www.wesharehope.org
What is the mission statement of We Share Hope?
We Share Hope's mission is centered around providing nourishment to organizations that serve the underprivileged and distressed individuals in society. Specifically, their mission is to offer donated food to groups that cater to the needs of the homeless, low-income families, the elderly, disabled individuals, veterans, and the working poor. The organization operates on a principle of generosity, aiming to alleviate hunger and improve the lives of those in need.
Official website here: www.wesharehope.org
Who is the CEO of We Share Hope?
Adam Ramsey is the President of We Share Hope.
Official website here: www.wesharehope.org
What is the revenue of We Share Hope?
We Share Hope's revenue in 2022 was $4,002,837.
Official website here: www.wesharehope.org
Who are the executives of We Share Hope and what are their salaries?
The average compensation at We Share Hope during 2022 was $23,349. There are 18 employees at We Share Hope.
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- Compensation: $73,500
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Official website here: www.wesharehope.org
Where can I find the form 990 for We Share Hope?
We Share Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wesharehope.org
Learn more at the official website: www.wesharehope.org
Mission Statement of We Share Hope
We Share Hope, as an organization, is committed to serving a noble cause. Its mission is centered around providing essential nourishment to other charities and organizations that cater to the needs of the underprivileged, distressed, and impoverished individuals in society. These individuals include the homeless, families struggling financially, the elderly, disabled, veterans, and the working poor. By offering donated food, We Share Hope aims to alleviate some of the hardships these individuals face, thereby contributing to a more equitable and compassionate community.
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Impact
October, 2024
We Share Hope has a significant impact on the community by addressing food insecurity among vulnerable populations. By supplying donated food to organizations that serve the homeless, low-income families, the elderly, disabled individuals, veterans, and the working poor, it ensures that those in need have access to nutritious meals. Located in Rumford, RI, the organization's efforts directly alleviate hunger and improve the quality of life for many who may otherwise go without essential sustenance. Through its mission, We Share Hope plays a critical role in supporting local initiatives focused on feeding the poor, distressed, and underprivileged, fostering a stronger, healthier community.
This information is meant to be a general summary of We Share Hope. 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: $436
- Gross Receipts: $4,169,559
Assets and Liabilities:
- Total Assets: $928,219
- Total Liabilities: $7,651
- Net Assets: $920,568
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Organization Details
Founding Year
2010
Phone
(401) 289-0448Principal Officer
Adam Ramsey
Main Address
310 Bourne Avenue Bldng 70, Rumford, RI, 02916
Website
www.wesharehope.orgNTEE Category
Code: K30 - Food
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