Overview
What is Support Our Aging Religious Inc?
Support Our Aging Religious Inc, situated in Silver Spring, Maryland, is a nonprofit organization dedicated to providing financial assistance to retired religious clergy and other elderly members of Catholic religious orders. Their mission is to ensure financially secure and stable futures for these individuals within Catholic religious congregations. The organization, with a staff of seven, works to improve the living conditions and well-being of these retirees, demonstrating a strong commitment to their welfare.
Official website here: www-soar-usa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
Support Our Aging Religious Inc has achieved an impressive 98% rating from Charity Navigator, indicating a high level of financial health and operational transparency. The organization excels in Accountability & Finance, scoring a perfect 100, which highlights its efficient use of funds and robust financial oversight. The high program expense ratio of 94.54% suggests that a significant portion of donations directly supports its mission.
In terms of governance, the nonprofit demonstrates strong leadership and adaptability, also scoring 100 in these areas. The board is composed entirely of independent members, ensuring unbiased oversight, and the organization has established comprehensive policies for conflict of interest, document retention, and whistleblower protections. This level of governance strengthens stakeholder confidence in its operations.
While the organization performs well overall, its Culture & Community score of 89 indicates some room for improvement in engaging with its constituents. Despite this, the nonprofit has a solid feedback collection and usage strategy, scoring 100 in those categories, which reflects its commitment to continuous improvement and responsiveness to the needs of the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Support Our Aging Religious Inc legitimate?
Support Our Aging Religious Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Support Our Aging Religious Inc 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:
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Other Salaries and Wages: $563,931
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Official website here: www-soar-usa.org
What is the mission statement of Support Our Aging Religious Inc?
Support Our Aging Religious Inc's mission is centered around ensuring financial stability and security for elderly and vulnerable members of Catholic religious congregations. Their primary goal is to provide a secure future for retired religious clergy and other retired individuals from Catholic religious orders. By offering financial assistance, they aim to alleviate financial concerns and foster a sense of security for these individuals in their later years.
Official website here: www-soar-usa.org
Who is the CEO of Support Our Aging Religious Inc?
Kathleen Lunsmann is the President of Support Our Aging Religious Inc.
Official website here: www-soar-usa.org
What is the revenue of Support Our Aging Religious Inc?
Support Our Aging Religious Inc's revenue in 2023 was $5,729,191.
Official website here: www-soar-usa.org
Who are the executives of Support Our Aging Religious Inc and what are their salaries?
The average compensation at Support Our Aging Religious Inc during 2023 was $80,562. There are 7 employees and 30 volunteers at Support Our Aging Religious Inc.
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Official website here: www-soar-usa.org
Where can I find the form 990 for Support Our Aging Religious Inc?
Support Our Aging Religious Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www-soar-usa.org
Learn more at the official website: www-soar-usa.org
Mission Statement of Support Our Aging Religious Inc
Support Our Aging Religious Inc, a nonprofit organization, is committed to ensuring financially secure futures for the elderly and frail members of Catholic religious congregations. Their mission is to provide financial assistance, serving as a safety net for retired religious clergy and other retired members of Catholic religious orders. By offering this support, the organization aims to alleviate financial concerns, allowing these individuals to live with peace of mind in their later years.
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Impact
July, 2024
Support Our Aging Religious Inc has made a significant impact by providing vital financial assistance to retired religious clergy and other retired members of Catholic religious orders. By helping to ensure financially stable and secure futures for elderly and frail individuals within these congregations, the organization has positively contributed to the well-being and care of those who have dedicated their lives to religious service.
This information is meant to be a general summary of Support Our Aging Religious Inc. 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.
- Investment Income: $483,739
- Gross Receipts: $5,857,129
Assets and Liabilities:
- Total Assets: $7,850,316
- Total Liabilities: $29,106
- Net Assets: $7,821,210
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Organization Details
Founding Year
1986
Phone
(202) 529-7627Principal Officer
Kathleen Lunsmann
Main Address
8484 GEORGIA AVE, SILVER SPRING, MD, 20910
Website
www-soar-usa.orgNTEE Category
Code: X11 - Religion related
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