Overview
What is Worth Industries Inc?
Worth Industries Inc, situated in St. Louis, Missouri, is a nonprofit organization dedicated to offering productive opportunities for mentally challenged youths and other disabled individuals aged eighteen and above. Their primary mission revolves around providing employment for those with disabilities, serving as a beacon of inclusion and empowerment. With a small workforce of 46 individuals, Worth Industries Inc fosters an environment that nurtures the skills and talents of its employees, enabling them to contribute meaningfully to society.
Official website here: www.worthindustries.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Worth Industries Inc has earned an 84% overall score, which translates to a Three-Star rating on Charity Navigator. This score reflects a strong Accountability & Finance category, indicating responsible financial management and transparency. The organization has a fully independent board, with 11 members, which suggests a commitment to governance integrity.
However, there are some notable limitations. The organization lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its overall accountability. Additionally, the tax form is not posted on the nonprofit's website, which is a missed opportunity for enhancing transparency.
Despite these areas for improvement, Worth Industries Inc demonstrates solid financial health, with a program expense ratio of 71.45%, showing that a significant portion of its resources is directed toward its mission. The low liabilities to assets ratio of 4.24% further indicates good financial stability. Overall, while there are aspects requiring attention, the organization appears to be managing its resources effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Worth Industries Inc legitimate?
Worth Industries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Worth Industries 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: $779,071
For more financial information, click here
Official website here: www.worthindustries.com
What is the mission statement of Worth Industries Inc?
Worth Industries Inc is committed to providing employment opportunities for individuals with handicaps and disabilities. As a sheltered workshop, it offers productive chances for mentally challenged youths and other disabled individuals over the age of eighteen. The organization's primary mission is to empower these individuals by offering them a chance to contribute to society through gainful employment. By providing a supportive environment, Worth Industries Inc aims to enhance their self-worth and independence, thereby enriching their lives and the community at large.
Official website here: www.worthindustries.com
Who is the CEO of Worth Industries Inc?
David Orr is the President of Worth Industries Inc.
Official website here: www.worthindustries.com
What is the revenue of Worth Industries Inc?
Worth Industries Inc's revenue in 2023 was $1,159,560.
Official website here: www.worthindustries.com
Who are the executives of Worth Industries Inc and what are their salaries?
The average compensation at Worth Industries Inc during 2023 was $16,936. There are 46 employees at Worth Industries Inc.
Here are 11 key members and their salaries:
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- Compensation: $201,700
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Official website here: www.worthindustries.com
Where can I find the form 990 for Worth Industries Inc?
Worth Industries Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.worthindustries.com
Learn more at the official website: www.worthindustries.com
Mission Statement of Worth Industries Inc
Worth Industries Inc, a nonprofit organization, is dedicated to providing employment opportunities for individuals who are handicapped or disabled. This mission is carried out through a shelter workshop that offers productive opportunities to mentally challenged youths and other disabled individuals over the age of eighteen. By offering employment, Worth Industries Inc aims to contribute positively to the lives of these individuals, providing them with a sense of purpose and independence. The organization's work is essential in fostering inclusivity and equality, ensuring that everyone, regardless of their abilities, has the chance to contribute to society.
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Impact
July, 2024
Worth Industries Inc is making a significant impact in St. Louis, MO by providing employment opportunities for handicapped and disabled individuals. Through their sheltered workshop, they are empowering mentally challenged youths and other disabled individuals over the age of eighteen to engage in productive work. This allows them to contribute to society, gain valuable skills, and enhance their sense of independence. By focusing on employment for this often marginalized group, Worth Industries Inc is making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Worth Industries 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: $648
- Program Service Revenue: $806,812
- Gross Receipts: $1,159,560
Assets and Liabilities:
- Total Assets: $1,113,508
- Total Liabilities: $47,279
- Net Assets: $1,066,229
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SALES
Revenue
$806,812
Organization Details
Founding Year
1978
Phone
(314) 231-6600Principal Officer
David Orr
Main Address
4124 NORTH BROADWAY STREET, ST LOUIS, MO, 63147
Website
www.worthindustries.comNTEE Category
Code: J33Z - Employment
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