Overview
What is Mihret Medical Supply Groupinc?
Mihret Medical Supply Groupinc is a nonprofit organization headquartered in Ruckersville, Virginia. Their primary mission involves collecting and distributing high-quality medical equipment and medicines globally, with a focus on underprivileged countries. They aim to support various entities such as health care facilities, family farms, microenterprises, social organizations, spiritual groups, and educational projects. By providing direct aid, training, and scholarships, they strive to strengthen these organizations in under-served regions. The organization has demonstrated its commitment by donating medical supplies and equipment to hospitals and universities in different regions of Ethiopia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
Mihret Medical Supply Groupinc has received an overall score of 83%, which reflects strong accountability and financial practices according to Charity Navigator. This score is entirely derived from the Accountability & Finance beacon, indicating a solid management of resources. The organization has demonstrated a notable commitment to transparency, with all board members being independent and maintaining effective policies related to conflicts of interest and whistleblower protections.
The nonprofit excels in financial stewardship, achieving a remarkable program expense ratio of 99.21%, signifying that most funds are directed toward its mission-related activities rather than administrative costs. Additionally, there are no reported issues regarding asset diversion, further underscoring the organization's integrity. The board's active governance and adherence to document retention policies further highlight its commitment to best practices.
While the organization has strong financial metrics and governance, the rating is based solely on the Accountability & Finance score. This singular focus suggests that additional aspects such as program effectiveness or community impact may not have been assessed in the current evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Mihret Medical Supply Groupinc legitimate?
Mihret Medical Supply Groupinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mihret Medical Supply Groupinc 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: $44,945
For more financial information, click here
What is the mission statement of Mihret Medical Supply Groupinc?
Mihret Medical Supply Groupinc's mission is centered around promoting and facilitating the distribution of high-quality medical equipment and medications worldwide to humanitarian entities. Their objective is to strengthen various sectors such as health care facilities, family farms, microenterprises, social and spiritual organizations, and education projects in underdeveloped countries. This is achieved through direct aid, training, and scholarships. The organization has demonstrated its commitment by donating medical supplies and equipment to hospitals and universities in regions like Bahirdar, Chagni, Dessie General Hospital (located in Amhara Region), and other areas in the Afar Region.
What is the revenue of Mihret Medical Supply Groupinc?
Mihret Medical Supply Groupinc's revenue in 2023 was $1,612,139.
Who are the executives of Mihret Medical Supply Groupinc and what are their salaries?
There 5 volunteers at Mihret Medical Supply Groupinc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Mihret Medical Supply Groupinc?
Mihret Medical Supply Groupinc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mihret Medical Supply Groupinc
Mihret Medical Supply Groupinc is committed to promoting and facilitating the distribution of high-quality medical equipment and medicines globally. Their mission is to support humanitarian entities, including healthcare facilities, family farms, micro-enterprises, social and spiritual organizations, and educational projects, in under-served countries. They achieve this goal through direct aid, training, and scholarship programs. By strengthening these entities, Mihret Medical Supply Groupinc aims to improve health care services and contribute to the overall development of these communities. The organization has demonstrated its commitment to this mission by donating medical supplies and equipment to various hospitals and universities in regions such as Bahirdar, Chagni, Dessie, and the Afar Region.
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Impact
July, 2024
Mihret Medical Supply Groupinc's impact is significant in promoting and facilitating the collection and distribution of quality medical equipment and medicines worldwide to humanitarian entities. By strengthening healthcare facilities, family farms, micro-enterprises, social and spiritual organizations, and education projects in underserved countries through direct aid, training, and scholarships, the organization is making a tangible difference in improving healthcare access and overall community well-being. Specifically, their donations to hospitals and universities in regions like Bahirdar, Chagni, Dessie, and Afar are directly contributing to better healthcare services and educational opportunities for those in need.
This information is meant to be a general summary of Mihret Medical Supply Groupinc. 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 2023.
- Program Service Revenue: $101,417
- Gross Receipts: $1,612,139
Assets and Liabilities:
- Total Assets: $369,374
- Total Liabilities: $0
- Net Assets: $369,374
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Organization Details
Founding Year
2018
Principal Officer
Tilahun Goshu
NTEE Category
Code: Q33 - International
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