Overview
What is The Pink Fund Inc?
The Pink Fund Inc, located in Bingham Farms, Michigan, is a compassionate nonprofit organization dedicated to supporting breast cancer patients. Their primary mission is to alleviate the financial burden experienced by patients whose income is affected due to diagnosis and treatment, ensuring they can focus on recovery. By directly paying their creditors, The Pink Fund provides relief for essential living expenses such as housing, utilities, transportation, medical insurance, and other necessities, up to a total of $3,000 for a duration of three months. This aid is extended to patients in 42 states across the United States, demonstrating their commitment to a nationwide impact. With a dedicated team of eight individuals, The Pink Fund embodies a mission of financial assistance for breast cancer patients and their families, ensuring they can maintain their quality of life during treatment.
Official website here: www.pinkfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating
The Pink Fund Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in both accountability and finance with a score of 100. The organization excels in leadership and adaptability, also scoring 100 in this area, showing a committed and independent board, with 85% of its members being independent. Their financial efficiency is notable, with a program expense ratio of 75.70%, allowing them to effectively allocate resources to their mission of supporting breast cancer patients.
User feedback highlights the organization's impactful work in alleviating financial stress for individuals undergoing breast cancer treatment. Many recipients and volunteers commend The Pink Fund for providing essential financial support that allows patients to focus on recovery rather than worrying about bills. Reviewers express deep gratitude for the organization's ability to help them during incredibly difficult times, with some stating that The Pink Fund was a lifeline in their journey through cancer treatment.
However, there are some concerns reflected in a few reviews, with a small number of individuals expressing dissatisfaction regarding the application process and accessibility of support for low-income patients. Despite this, the overwhelming majority of feedback underscores The Pink Fund's critical role in addressing the financial barriers faced by breast cancer patients, validating its mission and effectiveness in providing "Real Help Now."
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Pink Fund Inc legitimate?
The Pink Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pink Fund 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: $179,713
Professional Fundraising Fees: $0
Other Salaries and Wages: $279,537
For more financial information, click here
Official website here: www.pinkfund.org
What is the mission statement of The Pink Fund Inc?
The Pink Fund Inc's mission is centered around providing assistance to individuals battling breast cancer and their families. They accomplish this by covering their normal household expenses during treatment, when their income decreases. The organization offers financial advice and aids in locating additional financial aid sources. The Pink Fund directly pays creditors up to $3,000 for a duration of three months, covering expenses such as housing, utilities, transportation, medical insurance, and other necessities, for approximately 362 breast cancer patients in 42 states.
Official website here: www.pinkfund.org
Who is the CEO of The Pink Fund Inc?
Molly Macdonald is the President, Director, Ceo of The Pink Fund Inc. The CEO's salary of The Pink Fund Inc is $147,900 and their total compensation is $152,337.
Official website here: www.pinkfund.org
What is the revenue of The Pink Fund Inc?
The Pink Fund Inc's revenue in 2022 was $1,520,603.
Official website here: www.pinkfund.org
Who are the executives of The Pink Fund Inc and what are their salaries?
The average compensation at The Pink Fund Inc during 2022 was $57,406. There are 8 employees and 20 volunteers at The Pink Fund Inc.
Here are 10 key members and their salaries (The Pink Fund Inc's CEO's salary is $147,900 and their total compensation is $152,337):
- Compensation: $147,900
- Related: $0
- Other: $4,437
- Compensation: $21,280
- 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
Official website here: www.pinkfund.org
Where can I find the form 990 for The Pink Fund Inc?
The Pink Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pinkfund.org
Learn more at the official website: www.pinkfund.org
Mission Statement of The Pink Fund Inc
The Pink Fund, a nonprofit organization, is dedicated to providing financial assistance to individuals battling breast cancer and their families. Its mission is to alleviate the financial burden that often accompanies breast cancer treatment, especially when a patient's income is affected. The Pink Fund achieves this by directly paying the creditors of eligible patients for their normal household expenses, such as housing, utilities, transportation, medical insurance, and other necessities. The organization provides this support for up to three months, with a total financial aid of $3,000. By doing so, The Pink Fund enables breast cancer patients to focus on their recovery without the added stress of financial instability. The organization also offers financial advice and helps patients explore other sources of financial aid, further supporting their journey towards wellness.
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Impact
July, 2024
The Pink Fund Inc has a significant impact on breast cancer patients across the United States. By providing financial assistance for essential living expenses such as housing, utilities, transportation, and medical insurance, The Pink Fund eases the financial burden on patients undergoing treatment. In 2021, The Pink Fund supported 362 breast cancer patients in 42 states, totaling $996,636 in direct payments to creditors. This assistance not only helps patients maintain stability during a challenging time but also allows them to focus on their health and recovery without the added stress of financial hardship.
This information is meant to be a general summary of The Pink Fund 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: $11,092
- Gross Receipts: $1,566,698
Assets and Liabilities:
- Total Assets: $1,294,864
- Total Liabilities: $100,736
- Net Assets: $1,194,128
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Organization Details
Founding Year
2006
Phone
(248) 515-8058Principal Officer
Molly Macdonald
Main Address
30300 Telegraph Rd Ste 230, Bingham Farms, MI, 48025
Website
www.pinkfund.orgNTEE Category
Code: G80 - Disease
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