Overview
What is Bags Of Love Inc?
Bags of Love Inc, located in Pasadena, Maryland (21122), is a nonprofit organization committed to aiding the underprivileged and indigent families in the Washington Metropolitan Area. Their primary mission is to alleviate poverty and distress by providing essentials such as food and other necessities to those in need. The organization has a strong focus on assisting the underprivileged, working tirelessly to improve their living conditions. Bags of Love Inc carries out this mission through the distribution of food bags, demonstrating a continued dedication to making a positive impact on their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This score reflects a strong emphasis on accountability and finance, indicating that Bags Of Love Inc demonstrates good financial health and effective governance. The charity's high score is largely attributed to its transparency in operations and adherence to best practices in nonprofit management.
The organization has achieved a perfect score in several key areas, including having an independent board with a full complement of members. It also maintains strong financial ratios, with a program expense ratio of 98.80%, which suggests that a significant portion of its funds is directed towards its mission. Furthermore, there are no indications of any material diversion of assets, highlighting the charity's commitment to integrity.
While the overall score is commendable, it is based solely on the accountability and finance beacon, which means other areas of performance, such as program effectiveness, are not evaluated in this rating. This limitation suggests that while the charity is financially accountable, potential donors might consider additional research on the impact of its programs before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Bags Of Love Inc legitimate?
Bags Of Love Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bags Of Love 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: $0
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What is the mission statement of Bags Of Love Inc?
Bags of Love Inc. is dedicated to aiding those in need, specifically the poor, distressed, and underprivileged individuals and families. Their mission is to alleviate their suffering by supplying them with essential items such as food and other necessities. By doing so, they aim to provide relief to indigent families within their capacity. The organization has demonstrated this commitment by distributing bags of food to underprivileged individuals residing in the Washington Metropolitan Area.
Who is the CEO of Bags Of Love Inc?
Elda Devarie is the President of Bags Of Love Inc.
What is the revenue of Bags Of Love Inc?
Bags Of Love Inc's revenue in 2022 was $205,197.
Who are the executives of Bags Of Love Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Bags Of Love Inc?
Bags Of Love Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bags Of Love Inc
Bags of Love Inc, a nonprofit organization, is dedicated to alleviating the struggles of the impoverished and underprivileged. Their primary mission is to provide essentials, such as food items, to those in need, aiming to relieve indigent families in their community. By offering these necessities, Bags of Love Inc strives to make a significant impact on the lives of the less fortunate in the Washington Metropolitan Area.
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Impact
October, 2024
Bags Of Love Inc has a significant impact on the Washington Metropolitan Area by providing essential support to underprivileged individuals and families. Through the provision of food items and other necessary resources, the organization directly addresses food insecurity and alleviates the hardships faced by the poor and distressed. By distributing bags of food, Bags Of Love Inc ensures that those in need have access to nutritious sustenance, which is crucial for maintaining health and wellbeing. The organization's commitment to assisting indigent families not only meets immediate needs but also fosters a sense of community and hope among those it serves.
This information is meant to be a general summary of Bags Of Love 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: $205,197
Assets and Liabilities:
- Total Assets: $150,089
- Total Liabilities: $0
- Net Assets: $150,089
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Organization Details
Founding Year
2012
Phone
(301) 322-4503Principal Officer
Elda Devarie
Main Address
2932 West Almondbury Dr, Pasadena, MD, 21122
NTEE Category
Code: K30 - Food
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