Overview
What is Because We Care Philanthropy Inc?
Because We Care Philanthropy Inc is a nonprofit organization situated in Oklahoma City, Oklahoma. Their primary focus is on uplifting the underprivileged, distressed, and poor communities by fostering innovative improvements in various sectors such as health, education, youth development, inclusion, and diversity. They also extend their support to animal welfare issues as necessary. This mission is carried out through the donor-advised funds they sponsor, serving as a medium to channel philanthropic efforts.
Official website here: www.becausephilanthropy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Because We Care Philanthropy Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and finance. The charity's overall score is entirely based on its Accountability & Finance score, which is an impressive 95%. This rating indicates that the organization effectively manages its resources and adheres to best practices in financial reporting and governance.
The organization demonstrates significant strengths, particularly in its governance structure, with 100% independent board members and a robust audit and oversight committee. It has established comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention, all contributing to its transparency and accountability. The low liabilities to assets ratio and a high program expense ratio suggest that a substantial portion of its funds is directed towards its mission-oriented programs.
However, the charity's fundraising efficiency ratio is notably low at $0.002, indicating that it may face challenges in fundraising effectiveness. While this does not detract from its overall financial health, it could suggest areas for improvement in resource mobilization. Nonetheless, the organization maintains a strong working capital ratio of 3.29 years, ensuring financial stability and the ability to fulfill its mission in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Because We Care Philanthropy Inc legitimate?
Because We Care Philanthropy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Because We Care Philanthropy 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: $0
For more financial information, click here
Official website here: www.becausephilanthropy.org
What is the mission statement of Because We Care Philanthropy Inc?
Because We Care Philanthropy Inc is dedicated to supporting innovative improvements in various sectors, including health, education, youth development, and inclusion and diversity. Their mission extends to assisting the underprivileged, distressed, and poor communities. Additionally, they address animal welfare issues as they arise. This philanthropic work is carried out through the donor-advised funds the organization sponsors.
Official website here: www.becausephilanthropy.org
Who is the CEO of Because We Care Philanthropy Inc?
Randy K Macon is the Board Chair of Because We Care Philanthropy Inc.
Official website here: www.becausephilanthropy.org
What is the revenue of Because We Care Philanthropy Inc?
Because We Care Philanthropy Inc's revenue in 2022 was $3,772,336.
Official website here: www.becausephilanthropy.org
Who are the executives of Because We Care Philanthropy Inc and what are their salaries?
There 4 volunteers at Because We Care Philanthropy Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.becausephilanthropy.org
Where can I find the form 990 for Because We Care Philanthropy Inc?
Because We Care Philanthropy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.becausephilanthropy.org
Learn more at the official website: www.becausephilanthropy.org
Mission Statement of Because We Care Philanthropy Inc
Because We Care Philanthropy Inc is committed to making a positive impact in the lives of the underprivileged, distressed, and poor communities. Their mission is to achieve innovative improvements in various sectors, including health, education, youth development, inclusion, and diversity. They accomplish this mission by sponsoring donor-advised funds. This philanthropic organization also extends its support to animal welfare issues as they emerge. Their work is aimed at uplifting these communities, providing them with the resources and opportunities they need to overcome their challenges and thrive.
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Impact
July, 2024
Because We Care Philanthropy Inc has made a significant impact on improving health, education, youth development, inclusion, diversity, and animal welfare for the poor, distressed, and underprivileged individuals in Oklahoma City. Through their donor-advised funds, they support innovative initiatives that address the needs of these marginalized communities and strive to create a more inclusive and supportive society. Their dedication to community improvement is evident in the positive changes they are fostering within the local community.
This information is meant to be a general summary of Because We Care Philanthropy 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: $26,401
- Gross Receipts: $3,995,241
Assets and Liabilities:
- Total Assets: $3,253,470
- Total Liabilities: $1,000
- Net Assets: $3,252,470
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Organization Details
Founding Year
2020
Principal Officer
Randy K Macon
Main Address
1024 EAST BRITTON ROAD SUITE 200, OKLAHOMA CITY, OK, 73131
Website
www.becausephilanthropy.orgNTEE Category
Code: S99 - Community improvement
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