Overview
What is Cars For Charity Inc?
Cars For Charity Inc, based in Denver, Colorado, serves as a facilitator for numerous tax-exempt nonprofit organizations in the United States. Their primary mission is to enable these organizations to participate in a "vehicle donation" fundraising program. By handling this program, Cars For Charity recycles donated vehicles such as cars, boats, motorcycles, and motorhomes, converting them into financial support for the associated 501(C)(3) organizations. The funds generated contribute to the nonprofits' community programs and services. At present, Cars For Charity operates with a team of two dedicated individuals.
Official website here: www.carsforcharity.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cars For Charity Inc has received a two-star rating from Charity Navigator, reflecting an overall score of 62%. While the organization excels in accountability, with full marks for independent board members and maintaining proper material asset management, it faces significant shortcomings in financial transparency and reporting. Notably, the lack of publicly available financial statements and related documentation raises concerns about its operational practices.
User feedback from Great Nonprofits highlights a positive aspect of the charity's mission, with at least one individual expressing deep appreciation for its support during difficult times. This review indicates that the organization effectively helps those in need, providing crucial assistance to people facing personal hardships, like the loss of a vehicle.
However, despite the positive impact noted by users, the financial inefficiencies, including zero dollars in fundraising efficiency, suggest a need for improvement in their financial management and operational oversight. Addressing these limitations could help bolster the charity's credibility and enhance its capacity to serve those in need more effectively.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Cars For Charity Inc legitimate?
Cars For Charity Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cars For Charity 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: $49,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.carsforcharity.net
What is the mission statement of Cars For Charity Inc?
Cars for Charity Inc serves as a facilitator, supporting hundreds of tax-exempt nonprofit organizations within the United States. Their primary function is to enable these organizations to participate in a vehicle donation fundraising program. Through this program, Cars for Charity recycles cars, boats, motorcycles, and motorhomes, converting them into cash funds. These funds then benefit the nonprofit organizations, contributing to their community programs and services. The organization's role in this process allows these nonprofits to raise funds in an innovative and sustainable manner, supporting their respective missions.
Official website here: www.carsforcharity.net
Who is the CEO of Cars For Charity Inc?
Matt T Dendorfer is the President of Cars For Charity Inc.
Official website here: www.carsforcharity.net
What is the revenue of Cars For Charity Inc?
Cars For Charity Inc's revenue in 2022 was $2,171,070.
Official website here: www.carsforcharity.net
Who are the executives of Cars For Charity Inc and what are their salaries?
The average compensation at Cars For Charity Inc during 2022 was $24,683. There are 2 employees at Cars For Charity Inc.
Here are 3 key members and their salaries:
- Compensation: $34,828
- Related: $0
- Other: $0
- Compensation: $14,538
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.carsforcharity.net
Where can I find the form 990 for Cars For Charity Inc?
Cars For Charity Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carsforcharity.net
Learn more at the official website: www.carsforcharity.net
Mission Statement of Cars For Charity Inc
Cars for Charity Inc serves as a facilitator for numerous tax-exempt nonprofit organizations within the United States. Its primary mission is to enable these organizations to participate in a "vehicle donation" fundraising program. By acting as an enabler, Cars for Charity Inc allows these organizations to benefit financially from the recycling of donated vehicles, including cars, boats, motorcycles, and motorhomes. The proceeds generated from this program are then channeled towards supporting the nonprofits' community programs and services. At present, Cars for Charity Inc manages this vehicle donation program, transforming unwanted vehicles into cash resources for the betterment of various community initiatives. As of now, there are no published reports or documents detailing the specifics of their operations.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Cars For Charity Inc's impact is significant as it serves as the enabling entity for hundreds of tax-exempt organizations across the United States to benefit from a vehicle donation fundraising program. By running this program, Cars For Charity Inc recycles cars, boats, motorcycles, and motorhomes into cash for these organizations, supporting their programs and services in the community. This initiative not only helps in the recycling of vehicles but also provides crucial funding for various charitable endeavors, making a positive difference in communities nationwide.
This information is meant to be a general summary of Cars For Charity 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.
- Investment Income: $4
- Gross Receipts: $2,171,070
Assets and Liabilities:
- Total Assets: $427,262
- Total Liabilities: $9,698
- Net Assets: $417,564
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Principal Officer
Matt T Dendorfer
Main Address
5000 QUITMAN STREET, DENVER, CO, 80212
Website
www.carsforcharity.netNTEE Category
Code: J12 - Employment
If you are a representative of Cars For Charity Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.