Overview
What is Working Capital For Community Needs Inc?
Working Capital for Community Needs Inc. is a nonprofit organization based in Madison, Wisconsin, dedicated to empowering low-income Latin American entrepreneurs and small-scale farmers. Through initiatives like microcredit, fair trade, and women's empowerment programs, the organization aims to foster sustainable economic and social advancement in partnership with microfinance institutions, development organizations, and cooperatives in countries such as Ecuador, El Salvador, Honduras, Guatemala, Nicaragua, Colombia, Mexico, and Peru. The nonprofit, with a workforce of four employees, collaborates with individuals and organizations in both Latin America and the United States to create opportunities that help people rise out of poverty.
Official website here: www.wccn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Working Capital for Community Needs Inc (WCCN) has received a Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored well in various categories, notably achieving high marks for its independent board composition and policies ensuring transparency and oversight. Its program expense ratio is particularly commendable at 75.62%, indicating that a significant portion of its resources is allocated directly to its mission.
User feedback from Great Nonprofits consistently highlights WCCN's effectiveness in alleviating poverty through microfinance, especially in Central America and South America. Many reviewers commend the organization's approach of working closely with established local partners, which allows them to provide impactful financial support to small businesses and farmers. The testimonials underscore the long-term commitment of WCCN to empower marginalized communities, particularly women and indigenous populations, enhancing their capacity for self-reliance and economic growth.
Despite its strengths, some reviews suggest the inherent risks associated with microfinance, particularly for smaller, remote organizations, which may pose challenges. However, the overall sentiment among donors and beneficiaries is overwhelmingly positive, with many expressing satisfaction with the organization's transparency and reported impacts. WCCN’s focus on sustainability and empowerment within the communities it serves has led to strong donor loyalty and positive community outcomes.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Working Capital For Community Needs Inc legitimate?
Working Capital For Community Needs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Working Capital For Community Needs 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: $127,064
Professional Fundraising Fees: $0
Other Salaries and Wages: $173,588
For more financial information, click here
Official website here: www.wccn.org
What is the mission statement of Working Capital For Community Needs Inc?
Working Capital for Community Needs Inc. partners with individuals and organizations in Latin America and the United States to establish sustainable economic opportunities. This nonprofit impact investing fund's mission is to extend access to microfinance, services, and markets to improve the lives and communities of the working poor. By providing this support from a community partner, Working Capital for Community Needs Inc. aims to empower individuals to work their way out of poverty.
Official website here: www.wccn.org
Who is the CEO of Working Capital For Community Needs Inc?
William Harris is the President of Working Capital For Community Needs Inc.
Official website here: www.wccn.org
What is the revenue of Working Capital For Community Needs Inc?
Working Capital For Community Needs Inc's revenue in 2022 was $1,779,719.
Official website here: www.wccn.org
Who are the executives of Working Capital For Community Needs Inc and what are their salaries?
The average compensation at Working Capital For Community Needs Inc during 2022 was $75,163. There are 4 employees and 9 volunteers at Working Capital For Community Needs Inc.
Here are 14 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $106,045
- Related: $0
- Other: $21,020
Official website here: www.wccn.org
Where can I find the form 990 for Working Capital For Community Needs Inc?
Working Capital For Community Needs Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wccn.org
Learn more at the official website: www.wccn.org
Mission Statement of Working Capital For Community Needs Inc
Working Capital For Community Needs, as a nonprofit impact investing fund, is dedicated to creating opportunities for the working poor in Latin America and the United States. Their mission is centered around extending access to microfinance, services, and markets to these individuals and communities. By doing so, they aim to improve lives and foster sustainable economic growth, enabling people to work their way out of poverty. This mission is rooted in the belief that having a supportive partner in one's community is a crucial factor in determining whether an individual can escape poverty.
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
July, 2024
Working Capital For Community Needs Inc has a significant impact on empowering low-income Latin American entrepreneurs and small-scale farmers through microcredit, fair trade, and women's empowerment initiatives. By partnering with microfinance institutions, development organizations, and cooperatives in several Latin American countries, Working Capital For Community Needs Inc has been able to implement sustainable economic and social advancement programs since its founding in 1984. This has created opportunities for access to microfinance, services, and markets, ultimately improving the lives and communities of the working poor in Latin America.
This information is meant to be a general summary of Working Capital For Community Needs 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: $1,674
- Program Service Revenue: $1,443,641
- Gross Receipts: $1,779,719
Assets and Liabilities:
- Total Assets: $14,759,724
- Total Liabilities: $13,375,285
- Net Assets: $1,384,439
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM LOAN INTEREST
Revenue
$1,380,478
LOAN ORIGINATION FEES
Revenue
$63,163
Organization Details
Founding Year
1984
Phone
(608) 257-7230Principal Officer
William Harris
Main Address
211 S PATERSON STREET 260, MADISON, WI, 53703
Website
www.wccn.orgNTEE Category
Code: Q300 - International
If you are a representative of Working Capital For Community Needs Inc 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.