Overview
What is Care & Share Gift & Thrift Inc?
Care & Share Gift & Thrift Inc is a charitable organization situated in Archbold, Ohio. Their primary objective is to offer a platform for self-help crafts, aiming to aid those in need globally. By operating a thrift store, they raise funds for the Mennonite Central Committee (MCC) ministry. Moreover, Care & Share Gift & Thrift Inc provides second-hand clothing to people in need. The earnings from the thrift store are then disbursed to other recognized nonprofit organizations associated with MCC, furthering their mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
Care & Share Gift & Thrift Inc has earned a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization maintains a high level of transparency, with 100% independent board members and a well-structured board size, indicating effective governance and oversight.
The nonprofit demonstrates excellent financial health, with a program expense ratio of 97.57%, signifying that the majority of its resources are allocated towards its mission-driven activities. Additionally, the organization has reported no material diversion of assets, which further enhances its credibility and trustworthiness.
Despite its positive ratings, it's important to note that the overall score is based solely on the accountability and finance beacon, which means that other operational aspects such as program impact are not assessed in this rating. This should be considered by potential donors who may want to understand the comprehensive effectiveness of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Care & Share Gift & Thrift Inc legitimate?
Care & Share Gift & Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Care & Share Gift & Thrift 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: $173,148
For more financial information, click here
What is the mission statement of Care & Share Gift & Thrift Inc?
Care & Share Gift & Thrift Inc's mission is centered around providing an avenue for self-help crafts, aiming to aid those in need globally. The organization also raises funds for the Ministry of MCC and distributes used clothing to individuals in need. Moreover, a portion of their disbursements and profits are contributed to other eligible 501(c)(3) organizations, primarily focusing on MCC. In essence, Care & Share Gift & Thrift Inc is committed to supporting the needy and contributing to various charitable causes.
What is the revenue of Care & Share Gift & Thrift Inc?
Care & Share Gift & Thrift Inc's revenue in 2024 was $840,836.
Who are the executives of Care & Share Gift & Thrift Inc and what are their salaries?
The average compensation at Care & Share Gift & Thrift Inc during 2024 was $21,644. There are 8 employees at Care & Share Gift & Thrift Inc.
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Where can I find the form 990 for Care & Share Gift & Thrift Inc?
Care & Share Gift & Thrift Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Care & Share Gift & Thrift Inc
Care & Share Gift & Thrift Inc is a nonprofit organization with a unique mission. Their primary objective is to offer a platform for self-help crafts, aiming to aid those in need globally. By selling these crafts, they raise funds for the Ministry of MCC. Additionally, they provide used clothing to individuals who are less fortunate. The profits and disbursements from their thrift store activities are channeled to other eligible 501(c)(3) organizations, supporting various causes and communities. In essence, Care & Share Gift & Thrift Inc serves as a bridge, using crafts, thrift sales, and funds disbursement to assist the needy and contribute to various charitable initiatives.
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Impact
October, 2024
Care & Share Gift & Thrift Inc significantly impacts the community both locally and globally. By providing an outlet for self-help crafts, it empowers individuals to create and generate income, fostering a sense of self-sufficiency. The organization plays a vital role in raising funds for the Mennonite Central Committee (MCC), which in turn helps support various humanitarian initiatives aimed at assisting those in need.
Through its thrift store, Care & Share collects and redistributes used clothing, ensuring that vital resources reach individuals and families facing hardship. This not only aids local residents in need but also extends support to global efforts addressing poverty and crisis.
The profits generated from the thrift operations are strategically disbursed to other 501(c)(3) organizations, amplifying their outreach capabilities. By aligning its mission with that of MCC, Care & Share Gift & Thrift reinforces a network of support, enabling collaborative efforts to impact lives across multiple communities. Overall, the organization serves as a crucial bridge connecting resources and assistance to those who need it most.
This information is meant to be a general summary of Care & Share Gift & Thrift 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 2024.
- Investment Income: $39
- Program Service Revenue: $827,490
- Gross Receipts: $840,836
Assets and Liabilities:
- Total Assets: $875,342
- Total Liabilities: $76,359
- Net Assets: $798,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE
Revenue
$817,590
OFFICE BUILDING
Revenue
$9,900
Organization Details
Founding Year
1987
Principal Officer
Neal Beck
NTEE Category
Code: P29Z - Human services
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