Overview
What is Reach Out Honduras Inc?
Reach Out Honduras Inc, based in McKinney, Texas, is a nonprofit organization dedicated to serving the community of Honduras. Their primary objectives encompass various charitable endeavors such as promoting education, addressing hunger, and aiding orphans and vulnerable children. Additionally, they contribute to poverty alleviation efforts in the region. In 2022, they provided education to approximately 515 students through their operations at the Instituto Vida Abundante. Despite the limited information available, it's clear that Reach Out Honduras Inc is committed to making a positive impact in Honduras.
Official website here: www.reachouthonduras.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (74%, Two-Star out of Four Star rating)
Reach Out Honduras Inc has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in its accountability and finance practices. While the organization demonstrates a high commitment to program expenses, with 90.02% of its budget directed towards programs, its overall accountability score is low at 69%. Key shortcomings include the absence of conflict of interest, whistleblower, and document retention policies, which could impact governance and transparency.
On a positive note, the organization excels in its community engagement and equity strategies, scoring 98% in culture and community and achieving a remarkable 100% in constituent feedback collection and usage. All board members are independent, indicating strong governance, and there are no issues with asset diversion. This strong community orientation suggests that the organization is effectively meeting the needs of its constituents.
However, the lack of essential policies raises concerns about the organization's internal controls and risk management. Addressing these gaps could enhance Reach Out Honduras Inc's overall effectiveness and trustworthiness in the nonprofit sector. Overall, while the organization demonstrates strong programmatic commitment and community feedback mechanisms, it must prioritize improving its governance and financial accountability to build a more robust foundation for its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Reach Out Honduras Inc legitimate?
Reach Out Honduras Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reach Out Honduras 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $53,000
For more financial information, click here
Official website here: www.reachouthonduras.org
What is the mission statement of Reach Out Honduras Inc?
Reach Out Honduras Inc's mission is centered around charitable objectives, primarily focusing on advancing education, addressing hunger, providing care for orphans and vulnerable children, and alleviating poverty in Honduras. In essence, the organization aims to contribute positively to various aspects of life in Honduras, with a particular focus on the most vulnerable segments of society. One of its key activities involves operating the Instituto Vida Abundante school, providing education to approximately 515 students annually.
Official website here: www.reachouthonduras.org
Who is the CEO of Reach Out Honduras Inc?
Laura Waits is the Co-Founder of Reach Out Honduras Inc.
Official website here: www.reachouthonduras.org
What is the revenue of Reach Out Honduras Inc?
Reach Out Honduras Inc's revenue in 2022 was $509,751.
Official website here: www.reachouthonduras.org
Who are the executives of Reach Out Honduras Inc and what are their salaries?
The average compensation at Reach Out Honduras Inc during 2022 was $53,000. There is 1 employee and 35 volunteers at Reach Out Honduras Inc.
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Official website here: www.reachouthonduras.org
Where can I find the form 990 for Reach Out Honduras Inc?
Reach Out Honduras Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.reachouthonduras.org
Learn more at the official website: www.reachouthonduras.org
Mission Statement of Reach Out Honduras Inc
Reach Out Honduras, a charitable organization, is committed to a multi-faceted mission aimed at uplifting various aspects of life in Honduras. This mission encompasses several key areas, including the advancement of education, alleviating hunger, providing care for orphans and vulnerable children, and tackling poverty. By undertaking such initiatives, Reach Out Honduras seeks to make a significant impact on the lives of those in need, thereby contributing to the betterment of the society in Honduras.
One of the primary ways Reach Out Honduras executes its mission is through its involvement in school operations at the Instituto Vida Abundante. In 2022, this organization provided education to an approximate 515 students, playing a crucial role in shaping their future and contributing to the advancement of education in Honduras. This commitment to education not only equips the young minds with essential knowledge but also empowers them to become active participants in their communities, ultimately contributing to the overall development of the society.
In addition to their educational efforts, Reach Out Honduras also extends its reach to those struggling with hunger and poverty. By focusing on feeding the hungry and providing relief to those in need, the organization is able to help alleviate some of the hardships faced by vulnerable individuals and families. Through its charitable work, Reach Out Honduras strives to create a more equitable society where everyone has the opportunity to thrive, regardless of their economic status.
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Impact
July, 2024
Reach Out Honduras Inc's impact can be seen in the lives of over 500 students who received an education through Instituto Vida Abundante in 2022. By providing this educational opportunity, Reach Out Honduras is creating a brighter future for these children, giving them the tools they need to break the cycle of poverty and achieve their full potential. Additionally, the organization's efforts in feeding the hungry, caring for orphans and vulnerable children, and overall relief of poverty in Honduras demonstrate a commitment to making a tangible difference in the lives of those in need. By addressing these critical issues, Reach Out Honduras is contributing to the long-term development and well-being of individuals and communities in Honduras.
This information is meant to be a general summary of Reach Out Honduras 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.
- Gross Receipts: $620,369
Assets and Liabilities:
- Total Assets: $381,358
- Total Liabilities: $0
- Net Assets: $381,358
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Organization Details
Founding Year
2010
Phone
(214) 532-6994Principal Officer
Laura Waits
Main Address
PO Box 2993, McKinney, TX, 75070
Website
www.reachouthonduras.orgNTEE Category
Code: W12 - Public benefit
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