Overview
What is Quanta Cares?
Quanta Cares is a nonprofit organization based in Houston, Texas, specifically at 2727 North Loop West. Its primary mission is to offer short-term relief to employees of Quanta Services, Inc. and its affiliated subsidiaries who have experienced disasters or face emergency hardships. This aid is designed to help individuals cover essential living expenses such as food, clothing, temporary housing, property repairs, and other basic necessities. In 2022, Quanta Cares assisted 457 individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Stars
Quanta Cares has received a Three-Star rating from Charity Navigator, with an overall score of 77%. This rating is based entirely on the Accountability & Finance category, which indicates that the organization maintains strong financial practices and transparency. The high score in this area suggests that Quanta Cares is effective in managing its resources and adheres to best practices in fiscal responsibility.
The organization has excelled in several specific metrics, including a perfect score in financial statements and oversight practices, as well as a 95.45% program expense ratio. This indicates that a significant majority of its funds are allocated directly to programs, which is a positive sign for donors looking to support effective charitable initiatives. Additionally, Quanta Cares has policies in place regarding conflict of interest and whistleblower protections, which further enhance its accountability.
While the organization appears to be financially sound, the rating does not provide insight into programmatic effectiveness or the impact of its services on the community it serves. As such, potential supporters may want to investigate further to understand how Quanta Cares measures its outcomes and the specific benefits it provides to its beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Quanta Cares legitimate?
Quanta Cares is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quanta Cares 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:
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What is the mission statement of Quanta Cares?
Quanta Cares, an organization, is dedicated to offering short-term relief in response to disasters and emergency hardships encountered by employees of Quanta Services, Inc. and its affiliated entities. This aid is designed to assist each recipient in managing their basic living expenses, including expenses related to food, clothing, temporary housing, property repairs, and other essential necessities, resulting from such disasters or hardships. The primary objective of Quanta Cares is to provide financial assistance during these challenging times, ultimately helping employees to maintain their livelihoods.
Who is the CEO of Quanta Cares?
Kim Riddle is the President/Director of Quanta Cares.
What is the revenue of Quanta Cares?
Quanta Cares's revenue in 2022 was $804,022.
Who are the executives of Quanta Cares and what are their salaries?
There 6 volunteers at Quanta Cares.
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Where can I find the form 990 for Quanta Cares?
Quanta Cares's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Quanta Cares
Quanta Cares, a nonprofit organization, is dedicated to offering short-term relief for individuals who are Quanta Services, Inc. employees or are affiliated with its subsidiaries and affiliates. This relief is specifically designed to aid these individuals in overcoming the hardships and financial burdens resulting from disasters or emergencies. Quanta Cares aims to assist each recipient in covering their basic living expenses, such as food, clothing, temporary housing, property repairs, and other essential needs that may be affected by such unfortunate events. The organization's mission is to provide a helping hand and alleviate some of the financial stress during these challenging times.
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Impact
July, 2024
Quanta Cares has made a significant impact by providing short-term relief to employees of Quanta Services, Inc. and its affiliates facing disasters and emergency hardships. In 2022 alone, Quanta Cares assisted 457 individuals in Houston, Texas. The organization's mission is to help these individuals cover basic living expenses such as food, clothing, temporary housing, property repairs, and other essential needs during challenging times. By offering this vital support, Quanta Cares has proven to be a crucial resource for those in need within the Quanta Services community.
This information is meant to be a general summary of Quanta Cares. 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: $804,022
Assets and Liabilities:
- Total Assets: $1,551,164
- Total Liabilities: $0
- Net Assets: $1,551,164
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Organization Details
Founding Year
2017
Phone
(713) 629-7600Principal Officer
Kim Riddle
Main Address
2727 North Loop West, Houston, TX, 77008
NTEE Category
Code: P20 - Human services
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