Overview
What is Bbb Wise Giving Alliance?
Bbb Wise Giving Alliance, often abbreviated as BBB WGA, is a nonprofit organization based in Arlington, Virginia. Its primary mission is to strengthen public confidence in charities by promoting wise giving and trustworthy practices. They evaluate charities using their 20 holistic BBB charity standards, which cover aspects like governance, finances, results reporting, transparency, and accurate appeals. These standards serve as the basis for rigorous evaluations conducted by their expert research team. Charities that meet all the standards are recognized as BBB Accredited Charities, and their reports are freely available to the public on give.org. BBB WGA also publishes a magazine three times a year, the Wise Giving Guide, featuring charity evaluations and articles on accountability topics. During 2022, they released a report on donor trust and giving attitudes, highlighting the importance of trust in charities.
Official website here: www.give.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The BBB Wise Giving Alliance has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 92%, the organization demonstrates effective governance with 100% independent board members and a robust audit and oversight committee. Their commitment to transparency is evident as they maintain thorough policies on conflict of interest, whistleblowing, and document retention.
One of the organization’s notable strengths is its impressive program expense ratio of 86.16%, suggesting that a significant portion of its expenditures is directed towards its charitable programs. Additionally, the absence of material diversion of assets further reinforces the organization's integrity and responsible management of resources. The clear availability of financial documents on their website also boosts their credibility.
However, there is a noted liability to assets ratio of 61.14%, which may indicate some financial risk that potential donors should consider. While the overall financial health appears strong, this aspect could be a concern for stakeholders looking for long-term sustainability. Overall, the BBB Wise Giving Alliance excels in transparency and governance, making it a reliable choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Bbb Wise Giving Alliance legitimate?
Bbb Wise Giving Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bbb Wise Giving Alliance 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: $814,775
Professional Fundraising Fees: $0
Other Salaries and Wages: $679,531
For more financial information, click here
Official website here: www.give.org
What is the mission statement of Bbb Wise Giving Alliance?
The Bbb Wise Giving Alliance, often referred to as BBB WGA, is dedicated to strengthening public confidence in charities by promoting wise giving and trustworthy charity practices. By evaluating charities using its 20 holistic standards, BBB WGA helps donors verify the trustworthiness of soliciting organizations. The organization produces reports on nationally-soliciting charities based on these standards and offers a Wise Giving Guide magazine three times a year, featuring charity evaluations. Charities that meet all 20 standards are recognized as BBB Accredited Charities, and these reports are free for public access. The BBB WGA also licenses a BBB Charity Seal for a sliding scale fee for accredited charities. The organization's evaluations are based on rigorous standards addressing areas like charity governance, finances, transparency, and accurate appeals.
Official website here: www.give.org
Who is the CEO of Bbb Wise Giving Alliance?
Herman Art Taylor is the Treasurer of Bbb Wise Giving Alliance. The CEO's salary of Bbb Wise Giving Alliance is $266,900 and their total compensation is $323,678.
Official website here: www.give.org
What is the revenue of Bbb Wise Giving Alliance?
Bbb Wise Giving Alliance's revenue in 2022 was $2,209,887.
Official website here: www.give.org
Who are the executives of Bbb Wise Giving Alliance and what are their salaries?
The average compensation at Bbb Wise Giving Alliance during 2022 was $106,736. There are 14 employees and 15 volunteers at Bbb Wise Giving Alliance.
Here are 18 key members and their salaries (Bbb Wise Giving Alliance's CEO's salary is $266,900 and their total compensation is $323,678):
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- Compensation: $266,900
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- Other: $25,779
- Compensation: $109,345
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- Other: $14,604
Official website here: www.give.org
Where can I find the form 990 for Bbb Wise Giving Alliance?
Bbb Wise Giving Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.give.org
Learn more at the official website: www.give.org
Mission Statement of Bbb Wise Giving Alliance
The Bbb Wise Giving Alliance, often abbreviated as BBB, is a nonprofit organization that plays a significant role in enhancing public trust in charities. Its mission is primarily focused on promoting wise giving practices and ensuring the reliability of charitable organizations. By evaluating charities using its 20 holistic standards, the BBB Wise Giving Alliance helps donors verify the credibility of soliciting organizations. These standards cover various aspects of charity accountability, including governance, finances, results reporting, transparency, and accurate appeals.
The organization's activities are centered around evaluating charities, providing reports, and publishing resources to guide donors. Based on the 20 BBB standards for charity accountability, the BBB Wise Giving Alliance conducts rigorous evaluations of charities. These evaluations are free to the public and can be accessed on the give.org website. Charities that meet all 20 standards are recognized as BBB Accredited Charities. The BBB Wise Giving Alliance also offers a sliding scale fee option for charities to license the BBB Charity Seal, which signifies their adherence to the BBB's high standards.
In addition to evaluations, the BBB Wise Giving Alliance produces a magazine called the Wise Giving Guide three times a year. This publication features cover stories on charity accountability topics and includes a summary chart of the most current national charity evaluations. The BBB Wise Giving Alliance also maintains a weekly blog called "Wise Giving Wednesday," which addresses various charity accountability issues and reaches over 400 postings in September 2022. Additionally, the organization releases a Donor Trust Report every five years, which explores donor beliefs, feelings, and behavioral intentions related to charity trust and giving. The report provides valuable insights into how trust in charities has evolved over time.
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Impact
July, 2024
The Bbb Wise Giving Alliance's impact lies in its mission to evaluate charities using its 20 holistic BBB Charity Standards, empowering donors to verify the trustworthiness of soliciting organizations. Through producing approximately 1,500 reports on nationally-soliciting charities based on these standards, BBB WGA strengthens public confidence in charities by promoting wise giving and trustworthy charity practices. Additionally, the organization's Wise Giving Guide magazine, Wise Giving Wednesday blog, and Donor Trust Reports contribute to educating and informing the public about charity accountability issues. Their work fosters a culture of transparency and accountability in the charitable sector, ultimately benefiting communities and improving the overall effectiveness of charitable giving.
This information is meant to be a general summary of Bbb Wise Giving Alliance. 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.
- Investment Income: $3
- Program Service Revenue: $1,946,615
- Gross Receipts: $2,209,887
Assets and Liabilities:
- Total Assets: $1,649,830
- Total Liabilities: $1,008,734
- Net Assets: $641,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARITY SEAL LICENSE F
Revenue
$1,913,235
SPECIAL PROJECTS
Revenue
$20,000
PUBLICATIONS
Revenue
$13,380
Organization Details
Founding Year
1975
Phone
(703) 247-9321Principal Officer
Herman Art Taylor
Main Address
3033 WILSON BOULEVARD 710, ARLINGTON, VA, 22201
Website
www.give.orgNTEE Category
Code: S40 - Community improvement
If you are a representative of Bbb Wise Giving Alliance and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.