Overview
What is Pennies For The Homeless?
Pennies For The Homeless, established in 1993, is a dedicated nonprofit organization based in Albuquerque, New Mexico. As an all-volunteer, 501(C)(3) group, its primary mission is to raise awareness about homelessness among students, professionals, and the general public. The organization directly funds various homeless service providers in New Mexico, such as shelters, meal centers, and other essential facilities. By doing so, Pennies For The Homeless aims to enhance the quality of life for homeless individuals and offer them opportunities and hope for a better future. The nonprofit's efforts contribute to improving the services available to the homeless community in the state.
Official website here: www.penniesforthehomeless.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating. This rating reflects the charity's performance primarily in the Accountability & Finance beacon, indicating a fair level of transparency and responsible financial management. The overall score suggests that while the organization has strengths, there are also areas that need improvement.
One of the notable strengths of Pennies For The Homeless includes a fully independent board, which demonstrates a commitment to accountability. Additionally, the organization has a high program expense ratio of 80.63%, indicating that the majority of its funds are directed towards its mission rather than administrative costs. However, the absence of key policies such as a conflict of interest policy and a whistleblower policy raises concerns about governance practices.
While the financial management appears solid, with no material diversion of assets and a low liabilities to assets ratio of 24.29%, the lack of certain policies could impact stakeholder trust. Addressing these governance gaps would enhance the organization’s credibility and potentially improve its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Pennies For The Homeless?
100% of 5 reviewers on Facebook recommend Pennies For The Homeless. Here is a summary of their reviews:
The organization is highly praised for its events, particularly the High Tea, which seems to create a positive and engaging atmosphere for supporters. While there is limited detailed feedback, the enthusiasm surrounding this event indicates that it is well-received and likely contributes significantly to the community spirit.
Overall, the sentiment towards Pennies For The Homeless is overwhelmingly positive, highlighting their ability to connect with and support the community effectively. People appear to appreciate the initiatives being undertaken, reflecting a commitment to their mission.
This AI summary has been generated from reviews found on Facebook.
Is Pennies For The Homeless legitimate?
Pennies For The Homeless is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennies For The Homeless 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.penniesforthehomeless.org
What is the mission statement of Pennies For The Homeless?
Pennies For The Homeless is an all-volunteer, non-profit organization with a mission to educate students, professionals, and the general public about the reality of homelessness. Their goal is to directly fund shelters, meal centers, and other service providers in New Mexico, aiming to improve the quality of life for the homeless and provide opportunities and hope for those affected. Pennies For The Homeless strives to make a difference in the lives of the homeless population through its philanthropic efforts.
Official website here: www.penniesforthehomeless.org
Who is the CEO of Pennies For The Homeless?
Jennifer Bean is the Director of Pennies For The Homeless.
Official website here: www.penniesforthehomeless.org
What is the revenue of Pennies For The Homeless?
Pennies For The Homeless's revenue in 2022 was $17,953.
Official website here: www.penniesforthehomeless.org
Who are the executives of Pennies For The Homeless and what are their salaries?
Here are 6 key members and their salaries:
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.penniesforthehomeless.org
Where can I find the form 990 for Pennies For The Homeless?
Pennies For The Homeless's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.penniesforthehomeless.org
Learn more at the official website: www.penniesforthehomeless.org
Mission Statement of Pennies For The Homeless
Pennies For The Homeless, a non-profit organization founded in 1993 by Joseph Saavedra and Judge Diane Dal Santo, is dedicated to spreading awareness about homelessness among students, professionals, and the general public. The primary mission of this all-volunteer organization is to improve the quality of life for homeless individuals in New Mexico. They achieve this by directly funding shelters, meal centers, and other service providers in the state. By providing these essential resources, Pennies For The Homeless aims to offer opportunities and hope to those experiencing homelessness. Beyond funding, the organization also works tirelessly to educate the public about the reality of homelessness, thereby breaking down misconceptions and fostering empathy and understanding. By doing so, Pennies For The Homeless strives to create a more compassionate society and a brighter future for those in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Pennies For The Homeless has made a significant impact by educating students, professionals, and the general public about the reality of homelessness. Their direct funding of shelters, meal centers, and other homeless service providers in New Mexico has improved the quality of life for homeless individuals while offering them opportunities and hope. They have successfully raised awareness about homelessness and provided crucial support to organizations working towards housing solutions.
This information is meant to be a general summary of Pennies For The Homeless. 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: $1,541
- Gross Receipts: $18,249
Assets and Liabilities:
- Total Assets: $132,425
- Total Liabilities: $32,177
- Net Assets: $100,248
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Phone
(505) 843-9494Principal Officer
Jennifer Bean
Main Address
201 3RD AVE NW SUITE 1630, ALBUQUERQUE, NM, 87102
NTEE Category
Code: L41 - Housing
If you are a representative of Pennies For The Homeless and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.