Soap Endowment Fund

Analysis

Soap Endowment Fund is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soap Endowment Fund reported income of $175k and spending of $172k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $61k to $175k (+186%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 158%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soap Endowment Fund sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include Idaho Backcountry Veterans Incorporated ($175k), Montana Hosa Future Health Professionals ($175k) and Counseling Outreach Pregnancy Emergency Inc Term ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 30% of the total. At year end it held assets of $2.6m against liabilities of $1, net assets of $2.6m.