Soap2hope

Analysis

Soap2hope is a registered charity in United States, based in Taylorsville, UT. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Soap2hope reported income of $237k and spending of $214k, spending 90% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $237k (-1.7%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soap2hope sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within UT. Charities of a similar size with the same main cause include McDowell Pregnancy Care Center Inc ($237k), Everyones Wilson ($237k) and Horses Help Swi Inc ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.