Charity Works Inc

What it reported doing in 2024

Give hope USA program: in 2010, charity works launched a wellness-medical aid program called give hope USA. It was designed to provide temporary relief and wellness aid to the economically disadvantaged and health-stressed families and individuals through local servicing nonprofit agencies and schools. The goal is to strengthen the outreach efforts of others who are responsible for implementing programs and structured activities that promote health, hope and happiness. Each wellness-medical aid pack contains various products in up to three categories--food supplements, personal hygiene products and over-the-counter medicines. It may contain literature about how to maintain a healthy diet, a list of humanitarian assistance centers such as food banks, emergency shelters and free clinics, and other types of basic needs information such as transportation options, discount programs for consumers, coupons, etc. In 2012, the give hope USA program began distributing cash and special gifts such as clothes, toys, and other basic necessities during the holiday season. This program was formerly part of our holiday gift giving fund (holiday fund) which was established in 2007 to: 1) encourage people to give during the holiday season, 2) leverage charitable gifts purchased for underprivileged children, 3) strengthen relationships between local retailers and childrens charities, and 4) promote volunteerism during the holiday season. In 2024, (38) nonprofit entities received a total value of $1,214,077 in various distributions of free personal hygiene products, jewelry, clothes, school supplies, laptops, comfort gifts and cash from the give hope USA program. Distributions included dental kits, daily necessities, school, art and janitorial supplies, plush toys, jewelry, clothes, snacks, cookware, laptops, and other special gifts that were requested by participating nonprofits. One corporate donor in largo, fl sold its business and donated inventory with a value of $1,530,809 for use in give hope USA program. One benefit of this program is the opportunity to transition these active participating nonprofits in the organizations cooperative purchasing initiatives and the can purchasing program. The give hope USA program relies on volunteers to support community outreach events throughout the year including the holidays for the purposes of providing hope and inspiration through gift giving and fun activities. During 2024, program volunteers assisted in the distribution of comfort gifts, including plush toys, games, and school supplies to over 150 families. To expand the give hope USA program, charity works will continue to encourage manufacturers, distributors, and retailers to participate and benefit from in-kind donations, product placement, branding, and other social and marketing considerations.

Financial Efficiency

• Mission deployment rate: 71.2%; rating input score 71
• Program expense ratio: 95.6%; rating input score 96
• Fundraising efficiency: $68.63 raised per $1 spent on fundraising; rating input score 82; 82nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 19th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 25.7%; rating input score 81; 81st percentile among comparable filings
• Total-asset coverage ratio: 0.54; rating input score 25; 25th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
• Officer compensation ratio: 8.6%; rating input score 42; 42nd percentile among comparable filings

Growth

• Program expense growth: 23.2% per year; rating input score 100; 86th percentile among comparable filings
• Revenue growth: 18.4% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 23.8% per year; rating input score 100; 86th percentile among comparable filings