Overview
What is Eco-Soap Bank?
Eco-Soap Bank is a dedicated nonprofit organization located in Pittsburgh, Pennsylvania. Their primary mission is to combat hygiene-related issues in underprivileged communities by recycling leftover soap from hotels. This recycled soap is then redistributed to schools, hospitals, health clinics, and social centers, benefiting over 4 million individuals. Alongside the soap distribution, Eco-Soap Bank offers hygiene education, aiming to reduce the spread of diseases and save lives. With a small workforce of four employees, this organization is committed to making a significant impact on global hygiene and public health.
Official website here: www.ecosoapbank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
Eco-Soap Bank has received an impressive Four-Star rating from Charity Navigator, reflecting its strong overall performance and commitment to accountability. The organization excels in impact measurement and leadership adaptability, both scoring a perfect 100. This demonstrates its effectiveness in evaluating its programs and adjusting strategies as necessary to meet its mission of recycling soap and promoting hygiene education.
Financially, the organization showcases a solid program expense ratio of over 91%, indicating that it allocates a significant portion of its resources directly to its programs. The fundraising efficiency is notably high at just $0.01 spent to raise a dollar, which speaks to its operational effectiveness. Additionally, the organization has a healthy working capital ratio of 1.12 years, suggesting it is well-equipped to cover its short-term obligations.
However, there are some noted limitations regarding governance transparency, as the organization lacks a whistleblower policy and a document retention policy. Despite these gaps, Eco-Soap Bank's majority independent board and absence of liability demonstrate a strong governance structure overall. The charity's financial health and high-impact initiatives underscore its role in enhancing hygiene and health in communities it serves.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Eco-Soap Bank?
There's enthusiasm surrounding Eco-Soap Bank, highlighted by the positive sentiments expressed in the limited reviews available. The initiative is recognized for its impactful work, and there's a strong desire from users for the organization to expand its efforts internationally, particularly in India.
Reviewers commend the organization for its mission and the great job it's doing, suggesting that many see the value in its cause and are eager to engage further. The overall sentiment conveys a hopeful outlook for the nonprofit as supporters encourage them to continue their important work.
In summary, Eco-Soap Bank has made a favorable impression on those who have interacted with it, with strong support for its mission and a wish for broader reach and collaboration.
This AI summary has been generated from reviews found on Facebook.
Is Eco-Soap Bank legitimate?
Eco-Soap Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eco-Soap Bank submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $81,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,485
For more financial information, click here
Official website here: www.ecosoapbank.org
What is the mission statement of Eco-Soap Bank?
Eco-Soap Bank's mission is centered around recycling leftover soap from hotels and distributing it to children in schools, health clinics, and communities. Their primary goal is to reduce the spread of diseases and save lives. In addition to soap distribution, they also provide hygiene education as part of their initiative. The organization is committed to saving, sanitizing, and supplying recycled hotel soap to the developing world. Through their programs, they have reached over 4 million individuals with soap and hygiene education, often in partnership with local women who operate soap-recycling initiatives.
Official website here: www.ecosoapbank.org
What is the revenue of Eco-Soap Bank?
Eco-Soap Bank's revenue in 2023 was $2,029,202.
Official website here: www.ecosoapbank.org
Who are the executives of Eco-Soap Bank and what are their salaries?
The average compensation at Eco-Soap Bank during 2023 was $38,482. There are 3 employees and 9 volunteers at Eco-Soap Bank.
Here are 10 key members and their salaries:
- Compensation: $81,960
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ecosoapbank.org
Where can I find the form 990 for Eco-Soap Bank?
Eco-Soap Bank's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ecosoapbank.org
Learn more at the official website: www.ecosoapbank.org
Mission Statement of Eco-Soap Bank
Eco-Soap Bank, an organization dedicated to making a significant impact, focuses on recycling leftover soap from hotels and redistributing it to impoverished communities, schools, hospitals, health clinics, and social centers. Its mission is threefold: saving, sanitizing, and supplying recycled hotel soap to the developing world. By employing women to start and manage soap-recycling initiatives, Eco-Soap Bank not only recycles leftover soap but also redistributes it to those in need. This program has reached over 4 million individuals, providing not only soap but also essential hygiene education, which plays a crucial role in reducing the spread of diseases and saving lives. In essence, Eco-Soap Bank's mission is to bridge the gap between waste and necessity, ensuring that every individual has access to basic hygiene products.
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Impact
July, 2024
Eco-Soap Bank recycles leftover soap and provides it to children in schools, health clinics, and communities along with hygiene education in an effort to reduce disease and save lives. By working with women to start and operate hotel soap-recycling initiatives, Eco-Soap Bank has reached over 4 million plus people with soap and hygiene education. Their impact includes improving hygiene practices, reducing the spread of disease, and potentially saving lives in impoverished communities around the world.
This information is meant to be a general summary of Eco-Soap Bank. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $618,290
- Gross Receipts: $2,029,202
Assets and Liabilities:
- Total Assets: $1,212,227
- Total Liabilities: $0
- Net Assets: $1,212,227
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOAP SALES
Revenue
$349,437
SOAP FACTORY REVENUE
Revenue
$268,853
Organization Details
Founding Year
2015
Principal Officer
Samir Lakhani
Website
www.ecosoapbank.orgNTEE Category
Code: E20 - Health
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