Overview
What is Oikocredit Northwest Usa?
Oikocredit Northwest Usa is a nonprofit organization situated in Seattle, Washington. Their primary focus is on public outreach and education, specifically in the realm of international development and microfinance. By educating the public on these topics, their aim is to contribute towards alleviating poverty globally. With a small workforce of two individuals, they strive to promote the concept of microfinance, a financial tool that provides loans to individuals or groups who lack access to traditional banking services, thereby empowering them to improve their livelihoods.
Official website here: www.oikocreditus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star Rating
Oikocredit Northwest USA has earned a remarkable score of 95%, reflecting its strong commitment to accountability and financial transparency. The rating is based entirely on its Accountability & Finance score, which highlights the nonprofit's effective governance and operational practices. The organization boasts a fully independent board and has received top scores in key areas such as conflict of interest policies, material diversion of assets, and the publication of essential documents.
The organization demonstrates a solid financial foundation, with a low liabilities to assets ratio of 2.31%, indicating responsible financial management. Its program expense ratio stands at 66.18%, showcasing a significant emphasis on program spending relative to its overall expenses. This suggests that a good portion of its resources is directed towards fulfilling its mission.
While the organization performs well overall, its program expense ratio could be further improved to maximize impact. However, the strong performance in governance and transparency indicates that Oikocredit Northwest USA is a reliable and effective nonprofit in its efforts to serve its community.
This AI summary has been generated from information found on Charity Navigator.
Is Oikocredit Northwest Usa legitimate?
Oikocredit Northwest Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oikocredit Northwest Usa 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: $97,693
For more financial information, click here
Official website here: www.oikocreditus.org
What is the mission statement of Oikocredit Northwest Usa?
Oikocredit Northwest Usa's mission is centered around educating the public on international development and microfinance with the aim of alleviating poverty. Their primary activity is focused on raising awareness and understanding about microfinance, a financial tool often used to empower individuals and communities in developing countries to overcome poverty. By educating the public, Oikocredit Northwest Usa seeks to contribute to the global effort to reduce poverty and promote economic development in underprivileged regions.
Official website here: www.oikocreditus.org
Who is the CEO of Oikocredit Northwest Usa?
Matt Eldridge is the Principal Officer of Oikocredit Northwest Usa.
Official website here: www.oikocreditus.org
What is the revenue of Oikocredit Northwest Usa?
Oikocredit Northwest Usa's revenue in 2022 was $121,455.
Official website here: www.oikocreditus.org
Who are the executives of Oikocredit Northwest Usa and what are their salaries?
The average compensation at Oikocredit Northwest Usa during 2022 was $48,846. There are 2 employees and 18 volunteers at Oikocredit Northwest Usa.
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Official website here: www.oikocreditus.org
Where can I find the form 990 for Oikocredit Northwest Usa?
Oikocredit Northwest Usa's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oikocreditus.org
Learn more at the official website: www.oikocreditus.org
Mission Statement of Oikocredit Northwest Usa
Oikocredit Northwest USA is an organization dedicated to enlightening the public about the crucial aspects of international development and microfinance. Their primary mission is to contribute to poverty alleviation globally by spreading awareness and knowledge in these areas. Through their outreach and educational initiatives, they aim to make a substantial impact on the lives of those affected by poverty, fostering a more equitable and sustainable world. The organization's focus is on educating the general public about the potential of microfinance as a means to uplift communities and empower individuals, ultimately contributing to the broader goal of eradicating poverty.
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Impact
October, 2024
Oikocredit Northwest USA plays a significant role in international development and poverty alleviation through its focus on microfinance. By educating the public about these critical issues, the organization raises awareness and fosters a deeper understanding of the challenges faced by underserved communities worldwide. Located in Seattle, WA, Oikocredit Northwest USA engages in outreach efforts that highlight the importance of microfinance as a tool for economic empowerment. Through their initiatives, they aim to inspire individuals and communities to take part in creating sustainable solutions that help relieve poverty on a global scale. Their commitment to education and advocacy enhances public engagement with international development, ultimately contributing to positive social change.
This information is meant to be a general summary of Oikocredit Northwest Usa. 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: $4,432
- Gross Receipts: $121,455
Assets and Liabilities:
- Total Assets: $425,112
- Total Liabilities: $9,841
- Net Assets: $415,271
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Organization Details
Founding Year
2008
Phone
(425) 202-5138Principal Officer
Matt Eldridge
Main Address
PO Box 70164, Seattle, WA, 98127
Website
www.oikocreditus.orgNTEE Category
Code: Q20 - International
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