Overview
What is Faith Community Pharmacy Inc?
Faith Community Pharmacy Inc, located in Newport, Kentucky, is a nonprofit organization dedicated to assisting individuals in the community who cannot afford medications for chronic illnesses. Over the period of July 1, 2022, to June 30, 2023, this compassionate pharmacy provided 844 patients with 19,701 three-month prescriptions, totalling an impressive value of $3,315,831.57. Their primary mission is to collect and distribute free medications, ensuring that the community's healthcare needs are met without the financial burden. With a team of seven dedicated employees, Faith Community Pharmacy Inc is a vital resource for those in need.
Official website here: www.faithcommunitypharmacy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% - Three-Star out of Four Stars
Faith Community Pharmacy Inc has earned an 84% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in various categories, with perfect scores for its independent board governance and fiscal policies, suggesting effective oversight and transparency in operations.
The organization's program expense ratio is notably high at 98.11%, demonstrating a strong commitment to directing funds towards its mission rather than administrative costs. Additionally, its fundraising efficiency is commendable, with a very low cost of fundraising at $0.01 per dollar raised, which reflects effective resource management.
However, the working capital ratio is on the lower side at 0.18 years, which may indicate potential liquidity issues in the short term. While the overall financial health appears stable, this aspect could warrant closer attention to ensure sustainability in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Faith Community Pharmacy Inc legitimate?
Faith Community Pharmacy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faith Community Pharmacy 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: $93,730
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.faithcommunitypharmacy.org
What is the mission statement of Faith Community Pharmacy Inc?
Faith Community Pharmacy Inc's mission is centered around providing essential medication for chronic illnesses to individuals in the community who are financially unable to afford them. The organization accomplishes this by gathering and distributing donated and purchased medications. Over a period of one year, from July 1, 2022, to June 30, 2023, Faith Community Pharmacy served 844 patients, providing them with 19,701 three-month prescription refills, totaling a significant value of $3,315,831.57.
Official website here: www.faithcommunitypharmacy.org
What is the revenue of Faith Community Pharmacy Inc?
Faith Community Pharmacy Inc's revenue in 2024 was $5,782,665.
Official website here: www.faithcommunitypharmacy.org
Who are the executives of Faith Community Pharmacy Inc and what are their salaries?
The average compensation at Faith Community Pharmacy Inc during 2024 was $11,716. There are 8 employees and 75 volunteers at Faith Community Pharmacy Inc.
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- Compensation: $91,000
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- Other: $2,730
Official website here: www.faithcommunitypharmacy.org
Where can I find the form 990 for Faith Community Pharmacy Inc?
Faith Community Pharmacy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.faithcommunitypharmacy.org
Learn more at the official website: www.faithcommunitypharmacy.org
Mission Statement of Faith Community Pharmacy Inc
Faith Community Pharmacy, a nonprofit organization, is committed to providing a vital service to individuals in need. Its mission is to offer free medications for chronic illnesses to people within the community who are financially unable to afford them. To fulfill this mission, the pharmacy collects and dispenses both donated and purchased medications. During the period from July 1, 2022, to June 30, 2023, Faith Community Pharmacy successfully provided 844 patients with a total of 19,701 three-month prescriptions, amounting to an impressive value of $3,315,831.57. This tireless work by the pharmacy significantly contributes to improving the health and well-being of the community's underserved population, ensuring they can manage their chronic illnesses effectively.
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Impact
July, 2024
Faith Community Pharmacy Inc's impact is significant in providing free medications for chronic illnesses to individuals in the community who cannot afford them. The pharmacy collects and dispenses donated and purchased medications, with a focus on helping those in need. In the period from July 1, 2022, to June 30, 2023, Faith Community Pharmacy served 844 patients by providing them with 19,701 three-month prescriptions valued at over $3.3 million. This demonstrates the tangible and vital support the organization offers to improve the health and well-being of individuals in Newport, KY.
This information is meant to be a general summary of Faith Community Pharmacy 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.
- Investment Income: $1,717
- Program Service Revenue: $8,000
- Gross Receipts: $5,874,650
Assets and Liabilities:
- Total Assets: $994,323
- Total Liabilities: $90,820
- Net Assets: $903,503
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UC STUDENT TRAIN/ROTAT
Revenue
$8,000
Organization Details
Founding Year
2002
Principal Officer
Aaron Broomall
NTEE Category
Code: E60 - Health
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