CLEARWATER, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHARITY WORKS INC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. The organization ran a surplus of $479K, a strong 26% operating margin.
TO PROMOTE CHARITABLE GIVING AND ASSIST CHARITABLE NONPROFIT ORGANIZATIONS IN MANAGING THEIR RESOURCES MORE EFFECTIVELY WHEN USED TO ACQUIRE GOODS AND SERVICES FROM OTHERS.
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...
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.
CAN PURCHASING PROGRAM: CHARITY WORKS PROVIDES CHARITIES, OTHER NON-PROFIT ENTITIES AND SCHOOLS (NONPROFITS) WITH ACCESS TO SIGNIFICANTLY DISCOUNTED PRICES ON A BROAD RANGE OF PRODUCTS AND SERVICES...
CAN PURCHASING PROGRAM: CHARITY WORKS PROVIDES CHARITIES, OTHER NON-PROFIT ENTITIES AND SCHOOLS (NONPROFITS) WITH ACCESS TO SIGNIFICANTLY DISCOUNTED PRICES ON A BROAD RANGE OF PRODUCTS AND SERVICES THROUGH ITS PURCHASING PROGRAM CALLED CHARITABLE ALLIANCE NETWORK (CAN). THROUGH THE DEVELOPMENT OF BENEFICIAL NETWORKS AND STRATEGIC ALLIANCES, PEOPLE ENJOY COLLABORATIVE ACTION THAT HELPS CREATE VALUE AND REDUCE OPERATING COSTS. THE CAN PROGRAM DIRECTLY BENEFITS NONPROFITS BY PROVIDING THE FOLLOWING PURCHASING ADVISORY SERVICES: MATCHING NEEDS WITH PRODUCT SPECIFICATIONS/SERVICE REQUIREMENTS LOCATING QUALIFIED VENDORS/SUPPLIERS NEGOTIATING CONTRACT TERMS PURCHASING CONSULTATION THE OUTCOME OF THE CAN PROGRAM IS A COLLABORATIVE PROCESS WHEREBY THE PUBLIC AND PRIVATE SECTORS WORK MORE EFFECTIVELY AND EFFICIENTLY TOGETHER IN SERVING HUMANITARIAN CAUSES AND THUS RELIEVES ADMINISTRATIVE BURDEN FOR GOVERNMENT ENTITIES AT ALL LEVELS IN THE UNITED STATES. IN 2024, THIRTY-SEVEN (37) NONPROFIT ENTITIES IN FLORIDA RECEIVED DIRECT BENEFITS FROM PURCHASING SERVICES RENDERED UNDER THE CAN RESOURCE FINDER PROGRAM AND ONE HUMANITARIAN AID ORGANIZATION IN NORTH CAROLINA. ACQUISITIONS SERVICES RENDERED CONCENTRATED ON THE CONSUMABLE PRODUCT NEEDS OF LOCAL NONPROFITS AND SCHOOLS. DUE TO VENDOR RELATIONSHIPS, IN-KIND PRODUCT DONATIONS FROM FIVE BUSINESSES THAT CONTRIBUTED OVER $5,000 EACH TOTALED $1,602,869 AT WHOLESALE PRICES. PURCHASING ADVISORY SERVICES ALSO BENEFITED THE FUNDERS OF THESE NONPROFITS THROUGHOUT THE YEAR. ENHANCEMENTS IN VENDOR RELATIONSHIPS THAT SUPPORT THE ORGANIZATIONS MOST-FAVORABLE- CUSTOMER (MFC) STATUS GOAL FOR NONPROFITS OFFER BOTH LONG-TERM DIRECT AND INDIRECT BENEFITS. HOWEVER, THE MEASUREMENT OF THE ADDED VALUE PROVIDED IS CHALLENGING TO DOCUMENT. FOR EXAMPLE, SAVINGS CALCULATIONS ACHIEVED FOR PURCHASING SERVICES RENDERED COULD BE MEASURED BASED ON A MIX OF PRICE LEVELS DEPENDING ON THE CLIENTS CUSTOMER STATUS, EITHER A DONOR OR RECIPIENT NONPROFIT. IN 2024, A PRIVATE FOUNDATION CONTRIBUTED THE $20,000 FOR HURRICANE DISASTER RELIEF IN CLEARWATER, FL. THE SERVICES PROVIDED GENERATED ADDITIONAL RESOURCES FOR THE RELIEF EFFORT. IN 2025, THE CAN PROGRAM WILL CONTINUE TO CONCENTRATE ON EXPANDING VENDOR TRADING RELATIONSHIPS PRIMARILY FOR ACQUIRING CONSUMABLE PRODUCTS AND SECURING STORAGE SPACE FOR HANDLING IN-KIND PRODUCT DONATIONS TO BENEFIT MORE FLORIDA-BASED NON-PROFITS. PURCHASING ADVISORY SERVICES WILL BE OFFERED AND AVAILABLE AS A PRIORITY TO THOSE NONPROFITS WITH OFFICES IN THE STATE OF FLORIDA. ECONOMIC VILATILITY AND MARKET CHALLENGES MAY CONTINUE TO NEGATIVELY IMPACT THE ORGANIZATIONS COOPERATIVE PURCHASING INITIATIVES.
CARINGPERKS PROGRAM: CHARITY WORKS IS DEVELOPING A FRINGE BENEFIT AND CUSTOMER LOYALTY PROGRAM CALLED CARINGPERKS. THE DISCOUNT AND REWARDS PROGRAM PROMOTES THE GOODS AND SERVICES OFFERED BY...
CARINGPERKS PROGRAM: CHARITY WORKS IS DEVELOPING A FRINGE BENEFIT AND CUSTOMER LOYALTY PROGRAM CALLED CARINGPERKS. THE DISCOUNT AND REWARDS PROGRAM PROMOTES THE GOODS AND SERVICES OFFERED BY BUSINESSES TO CHARITIES, NONPROFITS, AND SCHOOLS. THE PURPOSE IS TO ENCOURAGE MORE YOUTHS AND ADULTS TO BECOME ACTIVE VOLUNTEERS IN THE SUPPORT OF CHARITABLE AND EDUCATIONAL CAUSES WITHIN THEIR RESPECTIVE COMMUNITIES. THE PROGRAM PROVIDES SPECIAL RECOGNITION, INCENTIVES AND REWARDS FOR PEOPLE WHO ARE ACTIVELY COMMITTED AND DEDICATED TO PROVIDING VOLUNTARY COMMUNITY SERVICE TO ONE OR MORE NONPROFITS. PROGRAM TESTING INVOLVES THE SELECTION OF PARTICIPATING RETAILERS THAT AGREE TO RECOGNIZE VOLUNTEERS AS VIP CUSTOMERS THAT ARE ELIGIBLE FOR PREFERRED STATUS, DISCOUNT PRIVILEGES AND/OR OTHER TYPES OF INCENTIVES. A TECHNOLOGY SOLUTION IS VITAL TO AN EFFECTIVE AND SUCCESSFUL STATEWIDE OR LARGER AREA PROGRAM LAUNCH. THE REWARDS PROGRAM WAS PUT ON HOLD IN 2020 DUE TO COVID-19 AND REMAINED SO THROUGHOUT 2023. THE CARINGPERKS PROGRAM REMAINS IN THE DEVELOPMENT STAGE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,863,163 | $927,383 | +1.0% |
| Expenses | $1,383,975 | $801,339 | +0.7% |
| Net Income | $479,188 | $126,044 | +2.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRIS R RENFROW | CHAIRMAN | 40.00 |
Officer
Director
|
$116,165 | $2,222 | $118,387 |
| MICHAEL D KINDT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RUSTY MCCLELLAND | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEANETTE G RENFROW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELAINE WAHL | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,863,163 | $1,383,975 | $740,852 | $479,188 |
| 2023 | No data | No data | No data | No data |
| 2022 | $489,424 | $414,279 | $155,318 | $75,145 |
| 2021 | $464,945 | $431,583 | $79,954 | $33,362 |
| 2020 | $294,800 | $281,692 | $45,077 | $13,108 |
| 2019 | $217,992 | $236,416 | $29,053 | $-18,424 |
| 2018 | $222,511 | $209,831 | $62,261 | $12,680 |
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