Overview
What is Watts Of Love?
Watts of Love is a globally-focused nonprofit organization, headquartered in Downers Grove, Illinois. Their primary mission is to combat poverty by distributing solar lights and offering financial literacy training. The nonprofit provides durable, multi-functional solar lights to communities lacking electricity in third-world countries, thereby reducing reliance on harmful alternatives like kerosene. This initiative aims to create immediate and long-lasting improvements in the lives of people living in extreme poverty. With a team of 15 employees, Watts of Love serves as a platform to collect donations and pledges, channeling them towards purchasing solar-powered lights for those in need.
Official website here: www.wattsoflove.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
Watts Of Love has achieved a high rating of 97%, which reflects strong accountability and financial health. The organization excels in feedback collection and usage, scoring a perfect 100 in both areas. Additionally, it has a robust culture and community score of 95, highlighting its commitment to engaging stakeholders and fostering a positive organizational environment.
The nonprofit demonstrates exceptional management practices, with all necessary policies in place, including conflict of interest and whistleblower policies. It also has a majority of independent board members, ensuring good governance. Financially, Watts Of Love shows effectiveness with a program expense ratio of 73.95%, which indicates a significant portion of its funds directly supports its mission.
Despite its strengths, there are no notable limitations mentioned in the feedback, suggesting that the organization operates with a high degree of transparency and accountability. Overall, Watts Of Love appears to be a well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Watts Of Love?
96% of 62 reviewers on Facebook recommend Watts Of Love. Here is a summary of their reviews:
Many users express their admiration for the organization, highlighting its impactful mission to provide light to those in need. Comments often mention the positive influence Watts Of Love has on communities, emphasizing the hope and empowerment they bring through their initiatives.
Overall, supporters feel that Watts Of Love effectively delivers on its promise to light the world while creating a lasting difference in people's lives. The organization's commitment to its cause resonates strongly with those who have experienced its work firsthand.
This AI summary has been generated from reviews found on Facebook.
Is Watts Of Love legitimate?
Watts Of Love is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watts Of Love 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: $115,821
Professional Fundraising Fees: $0
Other Salaries and Wages: $518,183
For more financial information, click here
Official website here: www.wattsoflove.org
What is the mission statement of Watts Of Love?
Watts of Love's mission is to facilitate the collection of donations and pledges for the purpose of providing solar-powered lights to individuals living in third world countries without electricity. By doing so, the organization aims to help these individuals rise above poverty. Watts of Love achieves this mission by delivering durable, multi-functional solar lights to communities in last mile areas, thereby breaking their dependency on harmful kerosene and other alternate light sources. In addition, the organization offers economic empowerment training to support the individuals living in extreme poverty, thereby creating immediate and long-lasting change in their lives.
Official website here: www.wattsoflove.org
Who is the CEO of Watts Of Love?
Nancy Economou is the President of Watts Of Love.
Official website here: www.wattsoflove.org
What is the revenue of Watts Of Love?
Watts Of Love's revenue in 2023 was $2,440,208.
Official website here: www.wattsoflove.org
Who are the executives of Watts Of Love and what are their salaries?
The average compensation at Watts Of Love during 2023 was $42,267. There are 15 employees and 3500 volunteers at Watts Of Love.
Here are 10 key members and their salaries:
- Compensation: $105,021
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- Other: $10,800
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Official website here: www.wattsoflove.org
Where can I find the form 990 for Watts Of Love?
Watts Of Love's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wattsoflove.org
Learn more at the official website: www.wattsoflove.org
Mission Statement of Watts Of Love
Watts of Love, a global nonprofit organization, is dedicated to bringing light and opportunity to individuals living in poverty-stricken areas of the world. Their mission is to empower people by providing them with solar-powered lights and financial education, enabling them to break free from the darkness of dependency on harmful light sources such as kerosene. By supplying durable, multi-functional solar lights to communities in need, Watts of Love aims to support these individuals in their quest for self-sufficiency. The organization's program brings about immediate and lasting change for those living in extreme poverty, transforming their living conditions and improving their quality of life.
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Impact
July, 2024
Watts of Love has a significant impact by delivering solar lights and financial learning to help people living without electricity in third world countries. By providing durable, multi-functional solar lights, this organization enables individuals in last mile communities to break their dependency on toxic kerosene and other harmful light sources. In addition to the immediate benefits of safe and sustainable lighting, Watts of Love also supports economic empowerment through training programs. This holistic approach creates both immediate and long-lasting change for those in extreme poverty, allowing them to improve their quality of life and raise themselves out of darkness.
This information is meant to be a general summary of Watts Of Love. 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: $797
- Program Service Revenue: $138,977
- Gross Receipts: $2,451,206
Assets and Liabilities:
- Total Assets: $1,459,710
- Total Liabilities: $31,128
- Net Assets: $1,428,582
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GLOBAL TRAVEL TEAMS
Revenue
$81,014
PARTNER PROGRAM INCOME
Revenue
$50,256
PRODUCT SPONSORSHIP
Revenue
$7,707
Organization Details
Founding Year
2012
Phone
(630) 835-8444Principal Officer
Nancy Economou
Main Address
990 WARREN AVENUE 3, DOWNERS GROVE, IL, 60515
Website
www.wattsoflove.orgNTEE Category
Code: Q30 - International
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