Overview
What is Chariots4Hope Inc?
Chariots4Hope Inc, based in Omaha, Nebraska, is a dedicated nonprofit organization focusing on empowering low-income families. Their primary mission is to help these families attain and sustain self-sufficiency by providing them with vehicle ownership and subsequent aftercare services. In the past year, they received 102 vehicle donations, out of which 46 were successfully repaired and donated to eligible recipients. Unfortunately, some of the vehicles could not be repaired and were sold for scrap, generating funds to cover program expenses. With a workforce of 13 individuals, Chariots4Hope Inc continues its mission to uplift the community, one vehicle at a time.
Official website here: www.chariots4hope.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star Rating
Chariots4Hope Inc has earned an 86% score from Charity Navigator, reflecting a solid Three-Star rating. This score is derived primarily from its strong performance in Accountability & Finance, where it scored 84, and an impressive 95 in Culture & Community. The organization showcases effective financial practices, with a program expense ratio of nearly 77%, indicating a substantial portion of donations is directed toward its mission.
The charity benefits from a fully independent board of directors, which consists of eight members. Additionally, it has demonstrated high standards in governance, evidenced by perfect scores in feedback collection and usage. The absence of any material diversion of assets further underscores its commitment to transparency and accountability.
However, while the organization shows strength in various financial metrics and governance practices, its liabilities to assets ratio stands at 47.24%, which could be a concern for financial stability. Despite this, the overall performance of Chariots4Hope Inc indicates a well-managed nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Chariots4Hope Inc legitimate?
Chariots4Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chariots4Hope 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: $65,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,735
For more financial information, click here
Official website here: www.chariots4hope.org/
What is the mission statement of Chariots4Hope Inc?
Chariots4Hope Inc's mission is centered around empowering low-income families. They strive to help these families achieve and maintain self-sufficiency through the provision of vehicle ownership and aftercare services. By accepting vehicle donations, they repair a significant number of these vehicles to good working order, subsequently donating them to eligible recipients. Unfortunately, not all vehicles can be repaired, in which case, they are sold for scrap, generating funds to cover program expenses. Overall, Chariots4Hope Inc's mission is geared towards enhancing the mobility and self-reliance of disadvantaged families by providing them with functional vehicles.
Official website here: www.chariots4hope.org/
Who is the CEO of Chariots4Hope Inc?
Jason Hurt is the Chair of Chariots4Hope Inc.
Official website here: www.chariots4hope.org/
What is the revenue of Chariots4Hope Inc?
Chariots4Hope Inc's revenue in 2022 was $963,336.
Official website here: www.chariots4hope.org/
Who are the executives of Chariots4Hope Inc and what are their salaries?
The average compensation at Chariots4Hope Inc during 2022 was $36,995. There are 13 employees and 117 volunteers at Chariots4Hope Inc.
Here are 9 key members and their salaries:
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- Compensation: $65,000
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- Other: $200
Official website here: www.chariots4hope.org/
Where can I find the form 990 for Chariots4Hope Inc?
Chariots4Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chariots4hope.org/
Learn more at the official website: www.chariots4hope.org/
Mission Statement of Chariots4Hope Inc
Chariots4Hope Inc, a nonprofit organization, is committed to empowering low-income families to achieve and sustain self-sufficiency. They accomplish this mission through vehicle ownership and aftercare services. By accepting donated vehicles, Chariots4Hope repairs a portion of them to a good working condition, subsequently distributing them to eligible recipients. The organization recognizes that many vehicles may not be repairable, in which case, they are sold for scrap, generating funds to cover program expenses. In essence, Chariots4Hope Inc leverages vehicle donations to provide mobility solutions, thereby enabling low-income families to improve their livelihoods and reach self-sufficiency.
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Impact
July, 2024
Chariots4Hope Inc empowers low-income families by providing them with the tools to achieve and sustain self-sufficiency through vehicle ownership and aftercare services. In the past year, the organization received 102 vehicle donations, of which 46 vehicles were repaired and donated to eligible recipients. The remaining vehicles that were not repairable were sold for scrap, generating funds to support program expenses. This impactful work is vital in helping families overcome transportation barriers and improve their economic stability.
This information is meant to be a general summary of Chariots4Hope 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.
- Program Service Revenue: $179,425
- Gross Receipts: $1,003,454
Assets and Liabilities:
- Total Assets: $402,396
- Total Liabilities: $190,109
- Net Assets: $212,287
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAR SALES
Revenue
$138,356
PROGRAM FEES
Revenue
$26,100
CAR SALES
Revenue
$10,130
SHOP REPAIRS
Revenue
$4,839
Organization Details
Founding Year
2014
Phone
(402) 516-8302Principal Officer
Jason Hurt
Main Address
4778 S 162 AVE, OMAHA, NE, 68135
Website
www.chariots4hope.org/NTEE Category
Code: P20 - Human services
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