Overview
What is Vehicles For Change Inc?
Vehicles For Change Inc is a nonprofit organization, primarily focused on establishing a sustainable car award program in the Maryland-Virginia-Washington DC region. Their objective is to expand this initiative nationally, providing independent transportation and automotive training opportunities to a wide range of individuals, starting with Detroit, Michigan. Their mission is centered around empowering individuals by offering them the means of mobility and skills in the automotive field, thereby enhancing their self-sufficiency and prospects.
Official website here: www.vehiclesforchange.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%
Vehicles For Change Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting its strong financial health and operational effectiveness. The charity's Accountability & Finance score is particularly impressive at 95%, indicating robust financial management practices, including independent oversight and adherence to ethical guidelines. The organization also maintains a highly independent board, which enhances its governance practices.
Strengths of Vehicles For Change include its high program expense ratio of 77.87%, demonstrating a commitment to directing funds towards its core mission. Additionally, it boasts exceptional fundraising efficiency, with only $0.05 spent to raise each dollar, ensuring that a significant portion of donations is utilized effectively. The organization also excels in leadership and adaptability, scoring a perfect 100 in this area, highlighting its ability to respond to challenges and implement strategic initiatives.
While the charity performs well overall, the liabilities to assets ratio of 46.72% may suggest some financial caution moving forward. This could indicate a need for careful management of its financial commitments to sustain long-term stability. However, the organization's strong scores in accountability and community culture reflect a solid foundation and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Vehicles For Change Inc?
88% of 43 reviewers on Facebook recommend Vehicles For Change Inc. Here’s a summary of their experiences:
Many individuals express appreciation for the organization’s mission to provide vehicles to those in need, highlighting the potential positive impact on their lives. However, some users have raised concerns about the quality of vehicle repairs and the overall service. One reviewer reported persistent issues with their car, claiming that repairs felt more like temporary fixes rather than comprehensive solutions. This dissatisfaction seems to suggest that while the intent of the nonprofit is commendable, the execution may leave room for improvement.
Overall, while there is a strong support for the nonprofit's objectives, the mixed reviews indicate that some beneficiaries have encountered challenges with the reliability of the vehicles provided and the repair services offered. It’s clear that further attention to these areas could enhance the experience for those seeking assistance.
This AI summary has been generated from reviews found on Facebook.
Is Vehicles For Change Inc legitimate?
Vehicles For Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vehicles For Change 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: $182,607
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,877,835
For more financial information, click here
Official website here: www.vehiclesforchange.org
What is the mission statement of Vehicles For Change Inc?
Vehicles For Change Inc's mission is to establish a sustainable car award program, initially in the Maryland-Virginia-Washington D.C. region, and then expand it nationally. The primary objective is to provide independent transportation and vocational training in the automotive sector to as many individuals as possible. Their ultimate goal is to replicate this program beyond their initial location, starting with Detroit, Michigan.
Official website here: www.vehiclesforchange.org
What is the revenue of Vehicles For Change Inc?
Vehicles For Change Inc's revenue in 2024 was $4,705,814.
Official website here: www.vehiclesforchange.org
Who are the executives of Vehicles For Change Inc and what are their salaries?
The average compensation at Vehicles For Change Inc during 2024 was $54,222. There are 38 employees at Vehicles For Change Inc.
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Official website here: www.vehiclesforchange.org
Where can I find the form 990 for Vehicles For Change Inc?
Vehicles For Change Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vehiclesforchange.org
Learn more at the official website: www.vehiclesforchange.org
Mission Statement of Vehicles For Change Inc
Vehicles For Change Inc, as an organization, aims to establish a sustainable car award program within the Maryland-Virginia-Washington DC region and subsequently expand this program nationwide. Their primary objective is to empower individuals by providing them with independent transportation and vocational training in the automotive sector. The ultimate goal is to reach as many people as possible, starting with Detroit, Michigan. By replicating this successful program across the nation, Vehicles For Change Inc seeks to make a significant impact in various communities, fostering self-sufficiency and promoting growth in the automotive field.
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Impact
July, 2024
Vehicles For Change Inc's impact lies in providing independent transportation and training in the automotive field to individuals in need. By building a sustainable car award program in Maryland, Virginia, and Washington D.C., they aim to empower individuals with the means to access opportunities and improve their livelihoods. With a mission to replicate this program nationally, starting with Detroit, Michigan, Vehicles For Change Inc is working towards ensuring that more people have the opportunity for mobility and skill development.
This information is meant to be a general summary of Vehicles For Change 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 2024.
- Program Service Revenue: $391,142
- Gross Receipts: $4,790,255
Assets and Liabilities:
- Total Assets: $4,836,111
- Total Liabilities: $2,649,344
- Net Assets: $2,186,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAINING, SERVICE AND
Revenue
$391,142
Organization Details
Founding Year
1999
Principal Officer
Martin Schwartz
Website
www.vehiclesforchange.orgNTEE Category
Code: P52 - Human services
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