Overview
What is Mightycause Charitable Foundation?
The Mightycause Charitable Foundation is a nonprofit organization headquartered in Marianna, Florida. It operates as a donor-advised fund and charitable grant maker, accepting charitable contributions from donors and managing them in separately identified funds. The foundation makes distributions to charitable organizations described under Section 501(c)(3) of the Internal Revenue Code, distributing 95% of donor-advised contributions each year, with the remaining funds dispersed in the following year. The Mightycause Charitable Foundation promotes the democratization of philanthropy by providing cost-efficient e-solutions for charitable giving, boosting the effectiveness of the charitable sector.
Official website here: www.mightycausefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Mightycause Charitable Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 84%. The organization demonstrates a commitment to transparency, with a majority of independent board members and numerous policies in place to ensure ethical governance and financial integrity. Notably, it excels in areas like program expense ratio and audit oversight, showcasing a focus on effective use of funds.
However, user feedback on platforms like GreatNonprofits indicates significant concerns regarding the usability and ethical practices of their fundraising platform. Multiple reviews describe issues with the platform's interface, difficulties in donation processing, and dissatisfaction with customer service. Some users have criticized the automatic inclusion of a tip for the platform, suggesting that this practice may be misleading.
While the organization is praised for its financial management, the negative user experiences highlight a need for improvement in user experience and customer service. Overall, potential donors and users should weigh the strong financial practices against the less favorable feedback regarding the platform's usability and customer interaction.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Mightycause Charitable Foundation legitimate?
Mightycause Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mightycause Charitable Foundation 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.mightycausefoundation.org
What is the mission statement of Mightycause Charitable Foundation?
The Mightycause Charitable Foundation advocates for the democratization of philanthropy by facilitating high-volume fundraising and grant making. Through the operation of a donor-advised fund, the foundation accepts charitable contributions from donors and receives their recommendations for grant distributions. These funds are kept separate and distributed to organizations classified under section 501(C)(3) of the Internal Revenue Code. In 2022, the foundation distributed 95% of the advised contributions it received, accounting for the timing difference caused by its monthly granting schedule. Any remaining funds from the previous year are disbursed in the following year.
Official website here: www.mightycausefoundation.org
Who is the CEO of Mightycause Charitable Foundation?
Thomas Matthews is the President of Mightycause Charitable Foundation.
Official website here: www.mightycausefoundation.org
What is the revenue of Mightycause Charitable Foundation?
Mightycause Charitable Foundation's revenue in 2022 was $76,652,811.
Official website here: www.mightycausefoundation.org
Who are the executives of Mightycause Charitable Foundation and what are their salaries?
There 42000 volunteers at Mightycause Charitable Foundation.
Here are 4 key members and their salaries:
- Compensation: $22,349
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mightycausefoundation.org
Where can I find the form 990 for Mightycause Charitable Foundation?
Mightycause Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mightycausefoundation.org
Learn more at the official website: www.mightycausefoundation.org
Mission Statement of Mightycause Charitable Foundation
Mightycause Charitable Foundation is a philanthropic organization dedicated to the democratization of charitable giving. With a mission to promote high-volume fundraising and grant making, the Foundation offers cost-efficient e-solutions for charitable donations. By accepting contributions from donors and receiving their recommendations, Mightycause Charitable Foundation maintains separate funds and distributes grants to charities described under Section 501(C)(3) of the Internal Revenue Code. In 2022, the Foundation distributed 95% of donor-advised contributions, taking into account the timing difference caused by the monthly granting schedule. The remaining funds from the previous year were disbursed in January 2023. Mightycause Charitable Foundation is a significant player in the charitable sector, facilitating grants from the funds it manages, thereby contributing to numerous causes and making a meaningful difference.
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Impact
October, 2024
Mightycause Charitable Foundation fosters the democratization of philanthropy by promoting high-volume fundraising and grant-making. Through its operation of a donor-advised fund, the Foundation accepts charitable contributions and facilitates targeted giving by allowing donors to recommend how their funds should be allocated.
In 2022, the Foundation demonstrated its commitment to effective philanthropy by distributing 95% of donor-advised contributions. This rapid response to donor recommendations underscores its efficiency and dedication to ensuring that charitable efforts make a meaningful impact. The Foundation maintains transparently identified funds, enabling donors to see the direct influence of their contributions on various charitable organizations.
By providing cost-efficient e-solutions for charitable giving, Mightycause Charitable Foundation plays a significant role in enhancing the capabilities of the philanthropic sector. Its focus on high-volume fundraising allows a broader range of organizations to benefit from increased financial support, ultimately driving greater positive change within communities.
This information is meant to be a general summary of Mightycause Charitable Foundation. 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: $76,652,811
Assets and Liabilities:
- Total Assets: $4,633,488
- Total Liabilities: $394,085
- Net Assets: $4,239,403
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Organization Details
Founding Year
2010
Phone
(202) 660-1907Principal Officer
Thomas Matthews
Main Address
PO BOX 160, MARIANNA, FL, 32447
NTEE Category
Code: T30 - Philanthropy
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