Overview
What is Opulent Philanthropy Inc?
Opulent Philanthropy Inc is a charitable organization situated in Houston, Texas. Their primary mission is to aid individuals worldwide who encounter financial difficulties due to various circumstances, such as natural disasters or personal hardships like cancer. They strive to enrich the lives of the most vulnerable by offering essential resources, including shelter, food, water, and assistance with medical expenses and education during times of crisis or homelessness. Their initiatives span across natural calamities like wildfires, tornadoes, hurricanes, and monsoons, demonstrating their commitment to global humanitarian efforts.
Official website here: www.opulentusa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Opulent Philanthropy Inc has achieved a strong 94% rating from Charity Navigator, reflecting a high level of accountability and financial health. The organization has been assessed solely on its Accountability & Finance metrics, which emphasize responsible management of resources. The perfect score in several categories indicates a commitment to transparency and effective governance.
The organization is notable for having an entirely independent board, with all 10 members meeting independence criteria. Furthermore, it has demonstrated financial robustness, with a liability-to-assets ratio of 0.00%, meaning it has no outstanding liabilities compared to its assets. Additionally, a significant portion of its budget (approximately 69.81%) is dedicated to program expenses, showcasing a focus on its mission rather than administrative costs.
However, there are some limitations that potential donors should consider. While the charity's website is listed on its tax forms and it has various policies in place, it did not provide board meeting minutes or post its tax form on its website as indicated on Form 990. These gaps suggest areas for improvement in transparency that could enhance trust among stakeholders. Overall, the organization demonstrates strong fiscal responsibility but could improve in certain transparency aspects to further bolster its reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Opulent Philanthropy Inc legitimate?
Opulent Philanthropy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opulent Philanthropy 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: $86,335
For more financial information, click here
Official website here: www.opulentusa.org
What is the mission statement of Opulent Philanthropy Inc?
Opulent Philanthropy Inc's mission is centered around empowering the most vulnerable individuals, aiming to enhance their quality of life during various challenging circumstances. This is achieved by providing essential necessities such as shelter, food, water, and assistance with medical bills, particularly during disasters, homelessness, cancer, and other hardships. The organization conducts event-focused campaigns to extend aid, including during natural calamities like wildfires, tornadoes, hurricanes, floods, volcanoes, earthquakes, typhoons, and monsoons.
Official website here: www.opulentusa.org
Who is the CEO of Opulent Philanthropy Inc?
Ronald Dewitt is the President of Opulent Philanthropy Inc.
Official website here: www.opulentusa.org
What is the revenue of Opulent Philanthropy Inc?
Opulent Philanthropy Inc's revenue in 2022 was $0.
Official website here: www.opulentusa.org
Who are the executives of Opulent Philanthropy Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.opulentusa.org
Where can I find the form 990 for Opulent Philanthropy Inc?
Opulent Philanthropy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.opulentusa.org
Learn more at the official website: www.opulentusa.org
Mission Statement of Opulent Philanthropy Inc
Opulent Philanthropy Inc, a philanthropic organization, is dedicated to empowering the most vulnerable individuals who are grappling with various hardships. Their mission is centered around improving the quality of life for these individuals during times of financial distress, such as during disasters, homelessness, cancer, and other challenging situations. The organization provides essential aid in the form of shelter, food, water, and assistance with medical bills and education. This aid is extended during these challenging periods, enabling the beneficiaries to weather the storm and rebuild their lives. Opulent Philanthropy Inc's primary focus is on events that lead to financial hardships, including natural disasters like wildfires, tornadoes, hurricanes, floods, volcanoes, earthquakes, typhoons, and monsoons. The organization's goal is to offer support and assistance, helping the vulnerable to overcome these challenges and regain their footing.
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Impact
October, 2024
Opulent Philanthropy Inc significantly impacts communities by empowering the most vulnerable during times of crisis. Their mission focuses on improving the quality of life for individuals facing hardships such as natural disasters, homelessness, cancer, and other challenges. They provide essential support that includes shelter, food, access to clean water, assistance with medical bills, and educational resources.
In times of natural disasters—such as wildfires, hurricanes, floods, and earthquakes—Opulent Philanthropy Inc mobilizes to assist those affected, helping them rebuild and recover. This proactive approach ensures that individuals in dire situations receive the necessary aid swiftly, fostering resilience and recovery in affected communities. Their holistic support not only addresses immediate needs but also helps individuals regain stability and hope in the face of adversity. Through their focused campaigns and compassionate outreach, Opulent Philanthropy Inc creates lasting positive change and uplifts countless lives worldwide.
This information is meant to be a general summary of Opulent Philanthropy 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.
Assets and Liabilities:
- Total Assets: $124,115
- Total Liabilities: $0
- Net Assets: $124,115
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Organization Details
Founding Year
2011
Principal Officer
Ronald Dewitt
Main Address
12223 Briar Forest Dr, Houston, TX, 77077
Website
www.opulentusa.orgNTEE Category
Code: T30 - Philanthropy
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