Overview
What is A Continuous Charity?
A Continuous Charity is a nonprofit organization that focuses on assisting students in financial need by offering non-interest-bearing loans to help cover college expenses. The unique aspect of this organization is that once the loans are repaid, the capital is then reallocated to support new applicants, ensuring that the organization does not profit from these loans. This year, the charity provided assistance to a significant number of students. The organization's mission is to empower students through financial aid, allowing them to pursue higher education without the burden of accumulating interest on their loans.
Official website here: www.acontinuouscharity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 74%)
A Continuous Charity has received a Two-Star rating from Charity Navigator, indicating there is room for improvement in its overall performance. The organization has scored particularly well in Impact & Measurement as well as Culture & Community, with scores of 93% and 100% respectively. However, its Accountability & Finance score is notably lower at 53%, which suggests challenges in financial transparency and management.
User feedback on platforms like Great Nonprofits highlights a positive perspective on the charity's initiatives. One reviewer emphasized the organization's impactful work in providing riba-free loans to students, indicating strong community support for its programs. The Program Expense Ratio of 67.78% suggests that a significant portion of its budget is allocated to programs, which is a positive indicator of its commitment to its mission.
Despite the positive community perception and strong program impact, the organization's financial accountability remains a concern. The Liabilities to Assets Ratio of 5.87% indicates a manageable level of debt, but the low accountability score indicates that potential donors may want to consider these factors carefully.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about A Continuous Charity?
100% of the 10 reviewers on Facebook recommend A Continuous Charity. Here is a summary of their reviews:
Donors express a strong satisfaction with the organization, highlighting their enthusiasm towards its initiatives and impact. Several long-term supporters appreciate the dedication and effectiveness of the charity, indicating a reliable commitment to their mission.
Overall, the sentiment is overwhelmingly positive, with contributors feeling proud to be part of the charity's work and eager to support its ongoing efforts. It seems that A Continuous Charity successfully resonates with its donor base, building a community around its important cause.
This AI summary has been generated from reviews found on Facebook.
Is A Continuous Charity legitimate?
A Continuous Charity is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Continuous Charity 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: $266,176
Other Salaries and Wages: $400,683
For more financial information, click here
Official website here: www.acontinuouscharity.org
What is the mission statement of A Continuous Charity?
A Continuous Charity's mission is centered around providing financial aid to students in need. The organization offers non-interest based loans to assist students in covering their college expenses. As these loans are repaid, the capital is then redistributed to support new applicants. This is the organization's sole program, and it serves a significant number of students annually, with the aim of helping them complete their education without the burden of accruing interest. The organization does not profit from these loans, as its purpose is to assist students in financial need.
Official website here: www.acontinuouscharity.org
Who is the CEO of A Continuous Charity?
Athar Haq is the President of A Continuous Charity.
Official website here: www.acontinuouscharity.org
What is the revenue of A Continuous Charity?
A Continuous Charity's revenue in 2022 was $1,568,378.
Official website here: www.acontinuouscharity.org
Who are the executives of A Continuous Charity and what are their salaries?
The average compensation at A Continuous Charity during 2022 was $400,683. There is 1 employee at A Continuous Charity.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.acontinuouscharity.org
Where can I find the form 990 for A Continuous Charity?
A Continuous Charity's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acontinuouscharity.org
Learn more at the official website: www.acontinuouscharity.org
Mission Statement of A Continuous Charity
A Continuous Charity, as its name suggests, is an organization committed to a continuous act of charity. Its primary mission is to educate students who are in financial need. The organization achieves this by providing non-interest based loans to these students. These loans are designed to help cover the cost of their college education. Once the loans are repaid, the organization does not collect or record any interest. Instead, the repaid capital is reallocated to new applicants, ensuring that the charity continues its cycle of assistance. In essence, A Continuous Charity exists to help students in financial distress achieve their educational goals without the burden of interest on their loans.
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Impact
July, 2024
A Continuous Charity educates students in financial need by providing non-interest based loans to help pay for college education. The organization does not profit from these loans; as they are repaid, the capital is re-awarded to new applicants. This unique model ensures a sustainable cycle of support for students in need.
This information is meant to be a general summary of A Continuous Charity. 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: $1,568,378
Assets and Liabilities:
- Total Assets: $4,446,205
- Total Liabilities: $261,379
- Net Assets: $4,184,826
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Organization Details
Founding Year
2012
Phone
(626) 221-3969Principal Officer
Athar Haq
Main Address
7035 Nueces Dr, Irving, TX, 75039
Website
www.acontinuouscharity.orgNTEE Category
Code: B82 - Education
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