Overview
What is Purple Hearts Inc?
Purple Hearts Inc, a nonprofit organization situated in Ft Worth, Texas, is dedicated to addressing the nutritional needs of at-risk children. They collaborate with the Texas Department of Agriculture's food service program, providing essential meals during the summer and after-school periods. By doing so, Purple Hearts Inc plays a crucial role in ensuring these children receive proper nutrition when regular school meals are not available.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Purple Hearts Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in terms of accountability and finance. The organization has a strong board composition, with 100% independent members. However, there are significant gaps in financial transparency, highlighted by the absence of key financial statements and policies, which are critical for donor trust and accountability.
The organization shows a solid program expense ratio of 77.34%, indicating that a substantial portion of its resources is directed towards its programs. Additionally, it has no material diversion of assets, which is a positive indicator of financial integrity. Despite these strengths, the lack of essential governance policies, such as a conflict of interest policy and whistleblower policy, raises concerns regarding overall organizational transparency.
Overall, while Purple Hearts Inc demonstrates some financial stability and effective program spending, the lack of key documentation and policies limits its effectiveness and accountability. Prospective donors may want to consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Purple Hearts Inc legitimate?
Purple Hearts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Purple Hearts 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: $130,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Purple Hearts Inc?
Purple Hearts Inc is dedicated to addressing the nutritional needs of at-risk children. They accomplish this by collaborating with the Texas Department of Agriculture's food service program, providing meals during summer and after school periods. Their mission is centered around ensuring the well-being of these children, contributing positively to their development and overall health. Although the information provided is limited, it suggests that Purple Hearts Inc is committed to making a difference in the lives of vulnerable children by addressing a fundamental need, that is, access to nutritious meals.
Who is the CEO of Purple Hearts Inc?
Anna Powell is the Director of Purple Hearts Inc.
What is the revenue of Purple Hearts Inc?
Purple Hearts Inc's revenue in 2022 was $602,258.
Who are the executives of Purple Hearts Inc and what are their salaries?
The average compensation at Purple Hearts Inc during 2022 was $5,207. There are 25 employees and 55 volunteers at Purple Hearts Inc.
Here are 3 key members and their salaries:
- Compensation: $130,176
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Purple Hearts Inc?
Purple Hearts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Purple Hearts Inc
Purple Hearts Inc, a nonprofit organization, is dedicated to serving at-risk children by providing them with nutritious meals during their summer and after-school programs. The organization accomplishes its mission through a partnership with the Texas Department of Agriculture, ensuring that these children have access to nourishing meals even outside of regular school hours. By doing so, Purple Hearts Inc plays a significant role in promoting the health and well-being of these vulnerable children, thereby contributing to their overall development.
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Impact
July, 2024
Purple Hearts Inc's impact is substantial in providing meals to at-risk children participating in the food service program through the Texas Department of Agriculture. By offering this crucial support, they are directly contributing to the well-being and nutrition of vulnerable children in the Ft. Worth, TX area. Through their efforts, Purple Hearts Inc plays a critical role in combating food insecurity and ensuring that these children have access to essential meals during summer and after-school programs.
This information is meant to be a general summary of Purple Hearts 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.
- Gross Receipts: $602,258
Assets and Liabilities:
- Total Assets: $30,828
- Total Liabilities: $0
- Net Assets: $30,828
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Organization Details
Founding Year
2012
Principal Officer
Anna Powell
Main Address
7603 FLAGSTONE STREET, FORT WORTH, TX, 76118
NTEE Category
Code: K30 - Food
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