Norwex Foundation For A Brighter Future Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Norwex Foundation For A Brighter Future Inc is a 501(c)(3) organization based in Coppell, Texas, registered in 2017, with $86,683 in FY2024 revenue. CharityIndex grades it B.
800 W Bethel Rd, Coppell, TX, 75019 EIN 81-4977482 Since 2017
Revenue (FY2024)
$87K
▼ 41.7% vs prior year
Expenses (FY2024)
$55K
Net assets
$31K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Norwex Foundation For A Brighter Future Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +36% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Norwex Foundation For A Brighter Future Inc: 7 mo reserves · +36% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Norwex Foundation For A Brighter Future Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Norwex Foundation For A Brighter Future Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue declined from $314K (FY2018) to $87K (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $31K
Operating margin
36.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$31K
Total liabilities
$0
Net assets
$31K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $86,683▼41.7% | $55,055▼46.7% | $31,495▼2.9% | $31,495▼2.9% | 990PF |
| 2023 | $148,762▲20.6% | $103,250▼35.6% | $32,448▲224% | $32,448▼20.4% | 990PF |
| 2022 | $123,335▲176% | $160,274▼4.1% | -$26,064▼340% | $40,775▼25.0% | 990PF |
| 2021 | $44,728▼64.7% | $167,198▲77.1% | $10,875▼91.8% | $54,375▼68.9% | 990PF |
| 2020 | $126,708▼55.0% | $94,388▼58.6% | $133,345▲23.6% | $174,739▲60.5% | 990PF |
| 2019 | $281,873▼10.2% | $227,868▼14.0% | $107,904▲100% | $108,904▲98.4% | 990PF |
| 2018 | $313,938 | $265,039 | $53,899 | $54,899 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Norwex Foundation For A Brighter Future Inc a legitimate nonprofit?
- Yes. Norwex Foundation For A Brighter Future Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 81-4977482, based in Coppell, Texas. Donations are tax-deductible.
- What is Norwex Foundation For A Brighter Future Inc's EIN?
- Norwex Foundation For A Brighter Future Inc's Employer Identification Number (EIN) is 81-4977482.
- How much revenue does Norwex Foundation For A Brighter Future Inc report?
- Norwex Foundation For A Brighter Future Inc reported $86,683 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Norwex Foundation For A Brighter Future Inc have?
- CharityIndex grades Norwex Foundation For A Brighter Future Inc B, based on financial health (reserves and operating margin).
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Data for Norwex Foundation For A Brighter Future Inc (EIN 81-4977482) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.