Overview
What is Porchlight Foundation Inc?
The Porchlight Foundation is a dedicated nonprofit organization that lends its support to Porchlight, Inc. Their primary mission is to provide affordable housing assistance and essential support services to individuals in need. By demonstrating unwavering commitment, the foundation aids Porchlight, Inc. in offering vital assistance to the less fortunate, ensuring they have access to low-cost housing and additional necessary aid.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Porchlight Foundation Inc has received a One-Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. The organization’s overall score is based solely on its accountability and finance metrics, where it has demonstrated positive aspects like having a predominantly independent board and maintaining a conflict of interest policy.
While Porchlight Foundation shows strengths in governance, such as a wholly independent board and effective policies for whistleblowing and document retention, it has significant weaknesses in financial transparency. The organization reported a liabilities-to-assets ratio of 0.00% and no program expenses reported, which raises questions about its financial health and operational effectiveness.
Overall, while Porchlight Foundation exhibits good governance practices, the lack of financial activity and transparency contributes to its low rating. Potential donors and stakeholders may want to consider these financial aspects when evaluating the foundation's viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Porchlight Foundation Inc legitimate?
Porchlight Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porchlight Foundation 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
For more financial information, click here
What is the mission statement of Porchlight Foundation Inc?
The Porchlight Foundation is committed to assisting Porchlight, Inc. in offering affordable housing aid and related support services to individuals in need. The foundation exhibits a steadfast dedication towards providing low-income housing assistance and additional support services to underserved communities. The Porchlight Foundation's mission is to actively support Porchlight, Inc. in fulfilling its goal of providing essential housing assistance and related support services to those in need. Through its initiatives, the foundation aims to make a significant impact on the lives of those who struggle with housing-related challenges. The Porchlight Foundation's unwavering support helps Porchlight, Inc. to extend its reach and provide vital services to those who require them.
What is the revenue of Porchlight Foundation Inc?
Porchlight Foundation Inc's revenue in 2023 was $21,976.
Who are the executives of Porchlight Foundation Inc and what are their salaries?
There 4 volunteers at Porchlight Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $110,409
- Other: $30,000
- Compensation: $0
- Related: $0
- Other: $0
- 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 Porchlight Foundation Inc?
Porchlight Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Porchlight Foundation Inc
Porchlight Foundation, a dedicated organization, actively supports Porchlight, Inc. in providing essential housing assistance and related support services to individuals in need. The foundation's mission is centered around demonstrating unwavering commitment towards extending low-cost housing aid and additional assistance to the less fortunate. Porchlight Foundation's efforts are instrumental in helping Porchlight, Inc. to furnish housing solutions and necessary support services to those who require them.
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Impact
October, 2024
Porchlight Foundation Inc significantly impacts the community by facilitating access to low-cost housing assistance and vital support services for those in need. By collaborating closely with Porchlight, Inc., the foundation helps empower individuals and families struggling with housing insecurity to regain stability. Its efforts focus on ensuring that vulnerable populations have a place to call home, coupled with essential resources that aid in their overall well-being. This commitment to assisting the less fortunate not only addresses immediate housing challenges but also fosters long-term resilience within the Madison, WI community. Through its unwavering support, Porchlight Foundation Inc plays a crucial role in transforming lives and enhancing the quality of life for many.
This information is meant to be a general summary of Porchlight Foundation 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 2023.
- Investment Income: $15,192
- Gross Receipts: $21,976
Assets and Liabilities:
- Total Assets: $611,318
- Total Liabilities: $0
- Net Assets: $611,318
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Organization Details
Founding Year
1999
Principal Officer
Karla Thennes
NTEE Category
Code: L12 - Housing
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