Overview
What is Waste Not Want Not Inc?
Waste Not Want Not Inc, a grantmaking public charity based in New York, NY, is dedicated to funding charitable causes. Their unique approach to generating funds involves the sale of second-hand clothing. This revenue stream supports various yeshivas and charitable organizations, contributing to their mission and community efforts. The foundation's primary role is to utilize the proceeds from the sale of used clothing to provide charitable grants, thereby supporting numerous nonprofit organizations in their vital work.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Waste Not Want Not Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with an overall score of 82%. The organization showcases a strong governance structure, with 100% of its board members being independent, which is a positive sign of its commitment to transparency and effective oversight.
The nonprofit has demonstrated excellent financial health, as evidenced by a program expense ratio of 100%, meaning all funds are directed towards its programs. The charity also maintains a low liabilities to assets ratio of 2.44%, indicating minimal financial risk. Furthermore, it routinely documents board meeting minutes and has no material diversion of assets, which reflects its sound operational practices.
While Waste Not Want Not Inc shows strong performance metrics, the overall rating of 82% suggests that there might be areas for improvement. Continuous monitoring of financial practices and governance will be essential for maintaining and enhancing its reputation and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Waste Not Want Not Inc legitimate?
Waste Not Want Not Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waste Not Want Not 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: $0
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What is the mission statement of Waste Not Want Not Inc?
Waste Not Want Not Inc is a grant-making organization with a unique mission. Their primary activity involves the sale of used clothing to fund charitable grants. Through this endeavor, they provide financial support to various yeshivas and charitable organizations. The revenue generated from the sale of second-hand clothing serves as a means to make a positive impact in various communities, contributing to their overall mission.
Who is the CEO of Waste Not Want Not Inc?
Unavailable
What is the revenue of Waste Not Want Not Inc?
Waste Not Want Not Inc's revenue in 2022 was $631,649.
Who are the executives of Waste Not Want Not Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Waste Not Want Not Inc?
Waste Not Want Not Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waste Not Want Not Inc
Waste Not Want Not Inc, a grantmaking public charity foundation, carries out its mission by selling used clothing. This venture serves as a means to generate funds, which are then distributed as charitable grants to various yeshivas and other charitable organizations. By engaging in this activity, Waste Not Want Not Inc contributes to the support and upliftment of various charitable causes, thereby contributing positively to its community.
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Impact
July, 2024
Waste Not Want Not Inc's impact lies in its unique approach of selling used clothing to support charitable grants. By providing a sustainable source of revenue through the sale of second-hand items, Waste Not Want Not Inc is able to fund grants that benefit various yeshivas and charitable organizations. This model not only promotes environmental sustainability through the reuse of clothing but also directly contributes to supporting important causes within the community. Through its work, Waste Not Want Not Inc is able to make a tangible difference by providing essential support to those in need and fostering a culture of giving back.
This information is meant to be a general summary of Waste Not Want Not 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.
- Program Service Revenue: $631,649
- Gross Receipts: $631,649
Assets and Liabilities:
- Total Assets: $81,817
- Total Liabilities: $2,000
- Net Assets: $79,817
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Organization Details
Founding Year
2004
Main Address
125 WEST 72ND STREET, NEW YORK, NY, 10023
NTEE Category
Code: P29 - Human services
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