Overview
What is Financial Literacy International Inc?
Financial Literacy International Inc (FLI) is a nonprofit organization situated in Hollidaysburg, Pennsylvania. Their primary mission is to combat chronic poverty and promote education among underprivileged communities, with a particular focus on Bangladesh. FLI operates without charging any fees and relies on donations for funding. One of their significant initiatives is the management of a medical clinic situated near a Rohingya refugee camp in Bangladesh. This clinic offers high-quality medical services, addressing various physical health issues, and has a pharmacy to dispense necessary medications. Annually, the clinic serves thousands of patients in need.
Official website here: www.financialliteracyinternational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
Financial Literacy International Inc has received an impressive score of 92%, reflecting strong performance in accountability and finance. This high rating indicates that the organization adheres to best practices in financial management and transparency. The rating is based entirely on Accountability & Finance, which is critical for potential donors assessing the charity's reliability.
The organization boasts a fully independent board, with 100% of its members meeting independence criteria, which enhances its governance structure. Financial statements are audited, and there are no reported material diversions of assets, pointing to a commitment to ethical financial practices. Additionally, the charity has comprehensive policies in place regarding conflict of interest and whistleblower protections.
While the organization demonstrates robust program expense ratios at 91.61%, indicating that the majority of its funds are directed towards its mission, the summary lacks specific details on the impact of its programs. Overall, Financial Literacy International Inc appears to be a well-managed nonprofit committed to financial literacy, making it a sound choice for potential contributors.
This AI summary has been generated from information found on Charity Navigator.
Is Financial Literacy International Inc legitimate?
Financial Literacy International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Financial Literacy International 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: $236,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.financialliteracyinternational.org
What is the mission statement of Financial Literacy International Inc?
Financial Literacy International Inc (FLI) is a non-profit organization committed to combating chronic poverty and offering education to underprivileged citizens primarily in developing countries, with a focus on Bangladesh. The organization operates without charging fees and relies on donations for its funding. One of its significant initiatives includes managing a medical clinic near a Rohingya refugee camp in Bangladesh. This clinic provides high-quality medical care for individuals struggling with various physical conditions, and has a pharmacy that dispenses necessary medications. FLI treats thousands of patients annually, demonstrating its dedication to improving the health and well-being of those in need.
Official website here: www.financialliteracyinternational.org
Who is the CEO of Financial Literacy International Inc?
Tim Martin is the President of Financial Literacy International Inc.
Official website here: www.financialliteracyinternational.org
What is the revenue of Financial Literacy International Inc?
Financial Literacy International Inc's revenue in 2022 was $697,593.
Official website here: www.financialliteracyinternational.org
Who are the executives of Financial Literacy International Inc and what are their salaries?
The average compensation at Financial Literacy International Inc during 2022 was $236,470. There is 1 employee and 17 volunteers at Financial Literacy International Inc.
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Official website here: www.financialliteracyinternational.org
Where can I find the form 990 for Financial Literacy International Inc?
Financial Literacy International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.financialliteracyinternational.org
Learn more at the official website: www.financialliteracyinternational.org
Mission Statement of Financial Literacy International Inc
Financial Literacy International (FLI) is a non-profit organization with a mission to combat chronic poverty and promote education among underprivileged citizens, with a particular focus on developing countries, particularly Bangladesh. This mission is carried out without charging any fees, relying solely on donations from generous contributors. One of the ways FLI achieves its objectives is by overseeing the operation of a medical clinic situated near a substantial Rohingya refugee camp in Bangladesh. This clinic offers high-quality medical treatment to individuals in need, addressing various physical health issues. The clinic also houses a pharmacy, ensuring that patients receive the necessary medications to aid in their recovery. FLI's tireless efforts in Bangladesh have resulted in the treatment of thousands of patients annually.
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Impact
July, 2024
Financial Literacy International Inc has a significant impact on the underprivileged citizens of developing countries, specifically in Bangladesh. Through its operation of a medical clinic near a large Rohingya refugee camp, FLI provides quality medical services to thousands of patients each year. By offering free treatment for various physical conditions and dispensing needed medicines through its pharmacy, FLI plays a crucial role in improving the health and well-being of those in need. Ultimately, FLI's efforts contribute to eradicating chronic poverty and introducing education to underserved communities, making a positive difference in the lives of many individuals.
This information is meant to be a general summary of Financial Literacy International 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: $697,593
Assets and Liabilities:
- Total Assets: $86,865
- Total Liabilities: $16,393
- Net Assets: $70,472
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Organization Details
Founding Year
2015
Principal Officer
Tim Martin
Main Address
8583 Woodbury Pike, Hollidaysburg, PA, 16648
NTEE Category
Code: P51 - Human services
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