Overview
What is Hope Mission Thrift Store Inc?
Hope Mission Thrift Store Inc is a nonprofit organization that serves as a vital support system for Hope Mission and the Carteret County community. Their primary mission is to provide financial aid to Hope Mission, an organization dedicated to assisting families in need. The Thrift Store accomplishes this by offering second-hand clothing and household items at affordable prices. A significant portion of their earnings are channeled back to Hope Mission, thereby extending their reach and impact. Moreover, Hope Mission Thrift Store goes beyond monetary support by offering free clothing and essential household items to families in distress. This initiative ensures that those in need have access to necessary resources, thereby alleviating some of their hardships.
Official website here: www.hmcm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Hope Mission Thrift Store Inc has received a commendable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score of 81%, the organization demonstrates a solid commitment to financial transparency and effective governance. The rating reflects positively on the charity’s financial health, particularly its low liabilities to assets ratio of 0.00% and a high program expense ratio of 92.33%, which suggests that a significant portion of its resources is directed toward its mission.
The organization boasts an independent board with 100% of its members being independent, which highlights a commitment to ethical oversight. In addition, it has established comprehensive policies, including a conflict of interest policy and a whistleblower policy, both of which are indicative of strong governance practices. The availability of key documents such as board meeting minutes further enhances the organization's transparency and accountability.
While the overall ratings are favorable, it's important to note that the score is derived solely from the Accountability & Finance category. This means that potential donors may want to consider other factors such as program effectiveness and impact when evaluating the charity's overall performance. However, based on the available data, Hope Mission Thrift Store Inc appears to be managing its resources effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Hope Mission Thrift Store Inc legitimate?
Hope Mission Thrift Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hope Mission Thrift Store 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: $231,824
For more financial information, click here
Official website here: www.hmcm.org
What is the mission statement of Hope Mission Thrift Store Inc?
Hope Mission Thrift Store Inc serves a significant purpose by supporting Hope Mission. Their primary objective is to provide financial aid to Hope Mission. Additionally, the thrift store offers free clothing and essential household items to families in need. Furthermore, Hope Mission Thrift Store distributes funds to Hope Mission of Carteret County, contributing to their overall mission. By doing so, the thrift store aids in the betterment of less fortunate families within their community.
Official website here: www.hmcm.org
Who is the CEO of Hope Mission Thrift Store Inc?
Richard G Mclendon is the Treasurer of Hope Mission Thrift Store Inc.
Official website here: www.hmcm.org
What is the revenue of Hope Mission Thrift Store Inc?
Hope Mission Thrift Store Inc's revenue in 2022 was $470,948.
Official website here: www.hmcm.org
Who are the executives of Hope Mission Thrift Store Inc and what are their salaries?
The average compensation at Hope Mission Thrift Store Inc during 2022 was $14,489. There are 16 employees and 50 volunteers at Hope Mission Thrift Store Inc.
Here are 7 key members and their salaries:
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Official website here: www.hmcm.org
Where can I find the form 990 for Hope Mission Thrift Store Inc?
Hope Mission Thrift Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hmcm.org
Learn more at the official website: www.hmcm.org
Mission Statement of Hope Mission Thrift Store Inc
Hope Mission Thrift Store Inc plays a significant role in supporting the mission of Hope Mission. As a nonprofit entity, its primary objective is to provide financial assistance to Hope Mission of Carteret County. Beyond monetary contributions, Hope Mission Thrift Store Inc also extends its aid by offering free clothing and household items to families in need. This philanthropic initiative not only helps alleviate the financial burden of these families but also contributes to their overall well-being by ensuring they have access to essential items. By supporting Hope Mission Thrift Store Inc, the community is able to make a tangible difference in the lives of families in need, contributing to a more compassionate and equitable society.
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Impact
July, 2024
Hope Mission Thrift Store Inc's impact is evident in its provision of free clothing and household goods to families in need, as well as in its financial support to Hope Mission of Carteret County. Through its operations, this organization positively impacts the lives of individuals and families in Morehead City, NC, by ensuring they have access to essential items and the necessary resources to improve their quality of life.
This information is meant to be a general summary of Hope Mission Thrift Store 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: $456,792
- Gross Receipts: $470,948
Assets and Liabilities:
- Total Assets: $168,703
- Total Liabilities: $6,698
- Net Assets: $162,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$456,792
Organization Details
Founding Year
2016
Phone
(252) 240-2359Principal Officer
Richard G Mclendon
Main Address
1209 ARENDELL STREET, MOREHEAD CITY, NC, 28557
Website
www.hmcm.orgNTEE Category
Code: P29 - Human services
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