Overview
What is Swaminarayan Welfare Inc?
Swaminarayan Welfare Inc, located in Milltown, New Jersey, is a nonprofit organization with a mission to foster human advancement. They aim to establish a healthy and civilized society by integrating physical and spiritual development, guided by human values. The organization's primary activity involves providing charitable donations to various institutions, such as schools, oldage homes, hospitals, and cowsheds, to support the needs of impoverished individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Swaminarayan Welfare Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement with an overall score of 67%. The organization shows strength in board independence, boasting 100% independent board members and a strong program expense ratio of nearly 100%, suggesting that nearly all funds are directed towards its mission-related activities. This efficiency in program spending reflects a commitment to fulfilling its purpose.
However, the organization faces significant challenges in transparency and governance. It has not provided financial statements and lacks essential policies such as a conflict of interest policy, whistleblower policy, and a document retention policy. The absence of these critical documents and policies highlights a potential risk in accountability and operational integrity, which are important for fostering trust with donors and stakeholders.
Overall, while Swaminarayan Welfare Inc demonstrates effectiveness in program expenditure, its lack of financial disclosure and governance policies may raise concerns for potential donors who prioritize transparency. Improvements in these areas could lead to a stronger assessment in future evaluations.
This AI summary has been generated from information found on Charity Navigator.
Is Swaminarayan Welfare Inc legitimate?
Swaminarayan Welfare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swaminarayan Welfare 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
For more financial information, click here
What is the mission statement of Swaminarayan Welfare Inc?
Swaminarayan Welfare Inc aims to establish itself as a center for human advancement, promoting both physical and spiritual development. Their mission is to contribute to building a healthy and civilized society based on human values. The organization supports charitable institutions, such as schools, old age homes, hospitals, and cow sheds, to help the underprivileged and needy individuals.
Who is the CEO of Swaminarayan Welfare Inc?
Praful Patel is the President/Secreatry of Swaminarayan Welfare Inc.
What is the revenue of Swaminarayan Welfare Inc?
Swaminarayan Welfare Inc's revenue in 2022 was $850,699.
Who are the executives of Swaminarayan Welfare Inc and what are their salaries?
There 3 volunteers at Swaminarayan Welfare Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Swaminarayan Welfare Inc?
Swaminarayan Welfare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Swaminarayan Welfare Inc
Swaminarayan Welfare Inc aims to establish itself as a center for excellent human advancement. Their mission is to contribute to building a healthy and civilized society, incorporating physical and spiritual development through human values. The organization focuses on donating to charitable institutions such as schools, old-age homes, hospitals, and cow sheds to aid the less fortunate and needy individuals. By doing so, Swaminarayan Welfare Inc aspires to make a significant impact on society, promoting human values and contributing to overall progress.
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Impact
July, 2024
Swaminarayan Welfare Inc's impact is evident in its mission to become a center for excellent human advancement and to build a healthy and civilized society through human values that combine both physical and spiritual development. This organization achieves its goals by providing donations to charitable institutes such as schools, old-age homes, hospitals, cowsheds, and more to help the poor and needy people in Milltown, NJ. Through its dedicated efforts, Swaminarayan Welfare Inc is making a tangible difference in promoting the well-being and progress of individuals and communities, reflecting its commitment to upholding values that enrich lives.
This information is meant to be a general summary of Swaminarayan Welfare 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: $850,699
Assets and Liabilities:
- Total Assets: $19,328
- Total Liabilities: $0
- Net Assets: $19,328
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Organization Details
Founding Year
2014
Phone
(732) 910-1193Principal Officer
Praful Patel
Main Address
32 BENHARDT RD, MILLTOWN, NJ, 08850
NTEE Category
Code: X70 - Religion related
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