Overview
What is Friends Of The Sharehouse Inc?
Friends of the Sharehouse Inc is a nonprofit organization dedicated to offering high-quality secondhand items to the general public. They conduct sales with donated items and regularly invite other charities serving low-income individuals to bring their clients to the Sharehouse. These clients can select necessary clothing and equipment without any charges. The primary objective of Friends of the Sharehouse Inc is to contribute positively to the community by providing affordable and useful items, thereby supporting individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating.
Friends Of The Sharehouse Inc has received a moderate rating from Charity Navigator, highlighting some strengths and significant areas for improvement. The organization boasts a fully independent board, which can be beneficial for accountability, and it has a strong program expense ratio, indicating that all of its expenses are directed towards its programs. However, the absence of financial statements and various crucial policies reflects a lack of transparency and governance practices.
The organization has scored poorly in several key areas, such as missing financial documents and policies that promote accountability and integrity. This lack of essential documentation could raise concerns among potential donors regarding how their contributions are managed and the overall operational transparency of the organization. The organization also does not have its tax form listed on its website, further limiting accessibility to critical financial information.
In summary, while Friends Of The Sharehouse Inc demonstrates a commitment to its programs and has an independent board, the lack of transparency and governance policies significantly impacts its overall rating. Potential supporters may want to consider these factors when evaluating their philanthropic contributions to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Sharehouse Inc legitimate?
Friends Of The Sharehouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Sharehouse 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: $669,866
For more financial information, click here
What is the mission statement of Friends Of The Sharehouse Inc?
Friends of the Sharehouse Inc, as a non-profit organization, is committed to providing quality used items to the public. They accomplish this mission through sales of donated items. Additionally, they offer these items, free of charge, to other non-profit organizations that serve low-income individuals. These organizations bring their clients to the Sharehouse to select necessary clothing and equipment, ensuring that those in need have access to essential items.
Who is the CEO of Friends Of The Sharehouse Inc?
Michael Pyle is the Director of Friends Of The Sharehouse Inc.
What is the revenue of Friends Of The Sharehouse Inc?
Friends Of The Sharehouse Inc's revenue in 2022 was $1,375,391.
Who are the executives of Friends Of The Sharehouse Inc and what are their salaries?
The average compensation at Friends Of The Sharehouse Inc during 2022 was $33,493. There are 20 employees and 20 volunteers at Friends Of The Sharehouse Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Friends Of The Sharehouse Inc?
Friends Of The Sharehouse Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Sharehouse Inc
Friends of the Sharehouse, a non-profit organization, is dedicated to providing quality used items to the public. Their primary mission is to offer a selection of donated items, such as clothing and equipment, to individuals in need. To accomplish this, they conduct regular sales and also invite other non-profits serving low-income communities to bring their clients to the Sharehouse. The clients can then choose the items they require at no charge. This initiative by Friends of the Sharehouse serves as a valuable resource for those in need, allowing them to acquire essential items without financial burden.
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Impact
July, 2024
Friends of the Sharehouse Inc has a significant impact on the community by providing quality used items to the public, particularly benefiting low-income individuals. Through their sales of donated items and partnerships with other nonprofits, they ensure that those in need have access to essential items such as clothing and equipment at no cost. This support helps improve the quality of life for individuals facing financial challenges in Ann Arbor, Michigan. Their work directly addresses the human services needs of the community, making a tangible difference in the lives of those they serve.
This information is meant to be a general summary of Friends Of The Sharehouse 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: $1,375,221
- Gross Receipts: $1,375,391
Assets and Liabilities:
- Total Assets: $926,297
- Total Liabilities: $91,894
- Net Assets: $834,403
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DISCOUNTED PRODUCT SALES
Revenue
$1,375,221
Organization Details
Phone
(734) 834-8887Principal Officer
Michael Pyle
Main Address
5161 JACKSON RD, ANN ARBOR, MI, 48103
NTEE Category
Code: P29 - Human services
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