Eco-Soap Bank

Analysis

Eco-Soap Bank is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eco-Soap Bank reported income of $2.0m and spending of $1.6m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $2.0m (+573%), an average of +61% a year. The sharpest change came in the year to December 2020, when income rose by 322%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Eco-Soap Bank sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Bustleton Mental Health Instituteinc ($2.0m), Healthcare Educational & Research Fund Inc ($2.0m) and Anchor House Inc of Polk County ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $82k (5.1% of expenses). Other salaries and wages came to $33k. At year end it held assets of $1.6m against liabilities of $13k, net assets of $1.6m. It reported 3 employees.