Overview
What is Pennies For Poverty 2 Cents 4 Change Inc?
Pennies For Poverty 2 Cents 4 Change Inc is a nonprofit organization with a mission to alleviate poverty within its local community. They accomplish this by purchasing gift cards from local businesses and donating them to various organizations such as the Salvation Army, Pettengill House, and Community Action Community Service. These donations are used to buy essential items like food, personal care products, and gasoline. By doing so, the organization aims to lessen the impact of poverty on the community. Additionally, Pennies For Poverty raises funds and awareness for local organizations, encouraging volunteering in this sector. They also provide cash grants to local organizations and make food and in-kind donations to local food banks.
Official website here: www.penniesforpoverty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Not Available
Pennies For Poverty 2 Cents 4 Change Inc is recognized for its grassroots approach to community support, particularly in Newburyport. According to a review from a volunteer, the organization encourages small, manageable contributions from individuals, which collectively can lead to significant financial support for local initiatives, potentially exceeding $3 million. This innovative concept highlights the power of community involvement and the impact of even minor contributions.
The organization has demonstrated its effectiveness through various programs, including grants for after-school activities, emergency funding for local services, and food drives that support food pantries. The review underscores the organization’s commitment to addressing the needs of those less fortunate and filling gaps in community services that might be overlooked otherwise.
However, while the enthusiasm and positive impact of the organization are clear from the feedback, specific metrics or broader assessments of its operations and financial health are not available. This may limit a comprehensive understanding of its effectiveness compared to other nonprofits in similar fields.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Pennies For Poverty 2 Cents 4 Change Inc legitimate?
Pennies For Poverty 2 Cents 4 Change Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennies For Poverty 2 Cents 4 Change Inc submitted a form 990EZ, 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.
Official website here: www.penniesforpoverty.org
What is the mission statement of Pennies For Poverty 2 Cents 4 Change Inc?
Pennies For Poverty 2 Cents 4 Change Inc's mission is centered around alleviating poverty within their local community. They achieve this by purchasing gift cards from local businesses and donating the proceeds to organizations such as the Salvation Army, Pettengill House, and Community Action Community Service. These donations are utilized to purchase essential items like food, personal care products, and gasoline. By doing so, the organization aims to lessen the impact of poverty on their community. Additionally, they engage in educating the public about local poverty issues and encourage fundraising efforts. Pennies For Poverty 2 Cents 4 Change Inc is also committed to providing cash grants to local organizations and making food and in-kind donations to local food banks. Their ultimate goal is to increase awareness of poverty and promote volunteering in this area.
Official website here: www.penniesforpoverty.org
Who is the CEO of Pennies For Poverty 2 Cents 4 Change Inc?
Dorothy Fair is the Secretary of Pennies For Poverty 2 Cents 4 Change Inc.
Official website here: www.penniesforpoverty.org
What is the revenue of Pennies For Poverty 2 Cents 4 Change Inc?
Pennies For Poverty 2 Cents 4 Change Inc's revenue in 2022 was $64,929.
Official website here: www.penniesforpoverty.org
Who are the executives of Pennies For Poverty 2 Cents 4 Change Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.penniesforpoverty.org
Where can I find the form 990EZ for Pennies For Poverty 2 Cents 4 Change Inc?
Pennies For Poverty 2 Cents 4 Change Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.penniesforpoverty.org
Learn more at the official website: www.penniesforpoverty.org
Mission Statement of Pennies For Poverty 2 Cents 4 Change Inc
Pennies For Poverty 2 Cents 4 Change Inc is an organization dedicated to combating poverty within its local community. Its primary mission is twofold: firstly, it seeks to raise funds by purchasing gift cards from local businesses and donating the proceeds to various charitable organizations such as the Salvation Army, Pettengill House, and Community Action Community Service. These donations are primarily used to purchase essential items like food, personal care products, and gasoline, thereby providing immediate relief to those in need.
Secondly, Pennies For Poverty 2 Cents 4 Change Inc aims to raise awareness about poverty within the community and encourages volunteering in this area. The organization achieves this by educating the public about the impact of poverty and the work of local charities. Furthermore, Pennies For Poverty 2 Cents 4 Change Inc also makes cash grants and provides in-kind donations to local food banks, further strengthening its commitment to alleviating poverty and ensuring that those in need have access to the basic necessities of life. In summary, Pennies For Poverty 2 Cents 4 Change Inc is a proactive organization that combines fundraising, education, and direct donations to combat poverty and improve the lives of the less fortunate in its community.
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Impact
August, 2024
Pennies For Poverty 2 Cents 4 Change Inc's impact is significant in the fight against local poverty in Newburyport, MA. They purchase gift cards from local businesses and donate them to organizations such as the Salvation Army, Pettengill House, and Community Action Community Service for the purchase of food, personal care items, and gasoline. By easing the impact of poverty on the local community through education, fundraising, and support to local organizations, they increase awareness of local poverty and promote volunteering in the area. Additionally, they provide cash grants to local organizations and make in-kind donations to local food banks, making a tangible difference in addressing the needs of those affected by poverty in the community.
This information is meant to be a general summary of Pennies For Poverty 2 Cents 4 Change 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.
- Gross Receipts: $64,929
Assets and Liabilities:
- Total Assets: $59,799
- Total Liabilities: $0
- Net Assets: $59,799
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Organization Details
Phone
(781) 223-2669Principal Officer
Dorothy Fair
Main Address
Box 532, Newburyport, MA, 01950
Website
www.penniesforpoverty.orgNTEE Category
Code: T31 - Philanthropy
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