Overview
What is Charity Motors Inc?
Charity Motors Inc, located in Detroit, Michigan, is a nonprofit organization with a mission to assist underprivileged individuals by providing transportation services at significantly lower than fair market value. This initiative aims to foster personal development and educational advancement, ultimately serving those in need of transportation. The organization, which employs nine individuals, has helped over 5,000 individuals and provided financial support to over one thousand 501(c)(3) charities. Charity Motors Inc's services play a crucial role in empowering individuals and contributing to the betterment of their communities.
Official website here: www.charitymotors.org
Is Charity Motors Inc legitimate?
Charity Motors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charity Motors 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: $79,890
Professional Fundraising Fees: $0
Other Salaries and Wages: $270,182
For more financial information, click here
Official website here: www.charitymotors.org
What is the mission statement of Charity Motors Inc?
Charity Motors Inc's mission is centered around providing transportation to individuals who are financially disadvantaged. They offer this service at a price significantly below the fair market value. The primary objective of this initiative is to foster personal development and educational advancement among these individuals. This endeavor aligns with Charity Motors Inc's broader mission of assisting those in need of transportation. Moreover, the organization extends its support beyond transportation, providing financial aid to over a thousand 501(c)(3) charities.
Official website here: www.charitymotors.org
Who is the CEO of Charity Motors Inc?
Stephen Hendrix is the President & Chairman of Charity Motors Inc.
Official website here: www.charitymotors.org
What is the revenue of Charity Motors Inc?
Charity Motors Inc's revenue in 2022 was $1,137,116.
Official website here: www.charitymotors.org
Who are the executives of Charity Motors Inc and what are their salaries?
The average compensation at Charity Motors Inc during 2022 was $38,897. There are 9 employees at Charity Motors Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $79,889
- Related: $0
- Other: $17,715
Official website here: www.charitymotors.org
Where can I find the form 990 for Charity Motors Inc?
Charity Motors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charitymotors.org
Learn more at the official website: www.charitymotors.org
Mission Statement of Charity Motors Inc
Charity Motors Inc, a nonprofit organization, is committed to providing transportation to low-income individuals at prices significantly below fair market value. This mission is driven by the desire to aid in the personal development and educational advancement of those in need of transportation. By offering affordable transportation services, Charity Motors Inc aims to foster growth and opportunities for underprivileged individuals, contributing to their overall well-being. In addition to its transportation services, the organization also extends financial support to over one thousand 501(c)(3) charities, further demonstrating its dedication to assisting those in need.
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Impact
October, 2024
Charity Motors Inc significantly impacts the lives of low-income individuals by providing affordable transportation options, facilitating personal development and educational advancement. Through its efforts, the organization has assisted over 5,000 underprivileged individuals, offering vehicles at prices significantly below market value. This initiative enables recipients to access job opportunities, education, and essential services, helping to alleviate the challenges faced by those in need of reliable transportation.
In addition to direct support for individuals, Charity Motors Inc also contributes to the broader community by providing financial assistance to over 1,000 501(c)(3) charities. This dual approach not only addresses immediate transportation needs but also strengthens various community initiatives, amplifying its overall impact on social welfare. By fostering mobility and supporting charitable organizations, Charity Motors Inc plays a vital role in enhancing the quality of life for many in the Detroit area and beyond.
This information is meant to be a general summary of Charity Motors 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.
- Investment Income: $487
- Program Service Revenue: $31,274
- Gross Receipts: $1,137,116
Assets and Liabilities:
- Total Assets: $2,140,495
- Total Liabilities: $2,763,773
- Net Assets: -$623,278
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PAPERWORK FEES
Revenue
$28,519
FOREFEITED DEPOSITS
Revenue
$2,755
Organization Details
Founding Year
1995
Phone
(313) 933-4000Principal Officer
Stephen Hendrix
Main Address
10431 GRAND RIVER, DETROIT, MI, 48204
Website
www.charitymotors.orgNTEE Category
Code: T50 - Philanthropy
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