Overview
What is Solace Charities Inc?
Solace Charities Inc is a nonprofit organization with a mission to support Solace, a voluntary organization based in Thrissur, India. The primary goal of Solace Charities is to raise awareness and gather financial resources for Solace's initiatives. Solace itself provides assistance to families with children battling terminal illnesses. This aid includes financial, medical, moral, and social support, made possible through the generosity of individuals and corporations worldwide. Solace helps secure the best medical treatment for these children, ensuring they have access to necessary medications and covering travel and accommodation expenses for hospital visits. Additionally, Solace organizes regular home visits by volunteers to offer emotional support. In 2022, Solace Charities hosted various fundraising events, increased awareness, and transferred collected funds to its associated organization, Solace.
Official website here: www.solacecharities.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Solace Charities Inc has received a solid score of 81%, reflecting a commendable performance in various operational aspects. With a strong Leadership & Adaptability Score of 100, the organization showcases effective governance and management practices. Additionally, the charity is well-supported by a fully independent board of 14 members, which enhances its accountability and decision-making processes.
The organization demonstrates a strong commitment to its mission, with a high Program Expense Ratio of 92.07%, indicating that the majority of its resources are directed towards its programs. However, there are some areas for improvement noted, such as the absence of a Conflict of Interest Policy and a Whistleblower Policy, which are essential for fostering transparency and trust within the organization.
While Solace Charities Inc has set strategic goals that focus on impactful fundraising and awareness campaigns targeting youth, the lack of certain governance policies may raise concerns for potential donors. Overall, the charity is positioned well in terms of fiscal responsibility, but addressing governance gaps could further enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Solace Charities Inc legitimate?
Solace Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solace Charities 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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For more financial information, click here
Official website here: www.solacecharities.org/
What is the mission statement of Solace Charities Inc?
Solace Charities Inc's mission is centered around raising awareness and securing financial resources for the charitable work conducted by Solace, a voluntary organization based in India. This organization offers support to families with children suffering from terminal illnesses, providing them with necessary medical treatments, life-saving medications, and home care visits by volunteers. Solace Charities' efforts in 2022 primarily focused on organizing fundraising events, increasing public awareness, and transferring funds to its affiliate, Solace.
Official website here: www.solacecharities.org/
Who is the CEO of Solace Charities Inc?
Supriya Viswanathan is the President of Solace Charities Inc.
Official website here: www.solacecharities.org/
What is the revenue of Solace Charities Inc?
Solace Charities Inc's revenue in 2022 was $212,868.
Official website here: www.solacecharities.org/
Who are the executives of Solace Charities Inc and what are their salaries?
There 100 volunteers at Solace Charities Inc.
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Official website here: www.solacecharities.org/
Where can I find the form 990 for Solace Charities Inc?
Solace Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.solacecharities.org/
Learn more at the official website: www.solacecharities.org/
Mission Statement of Solace Charities Inc
Solace Charities, a nonprofit organization, is committed to raising awareness and garnering financial support for the initiatives undertaken by Solace, a voluntary organization based in Thrissur, India. The primary objective of Solace Charities is to aid Solace in providing essential financial, medical, moral, and social assistance to families with children suffering from terminal illnesses. This support is extended through the cooperation of benevolent individuals and corporations worldwide. Solace Charities plays a crucial role in facilitating the best available medical treatment for these suffering children, in conjunction with the medical community.
Regularly, Solace Charities organizes fundraising events to gather resources and increase awareness about their cause. They further transfer these funds to their affiliated organization, Solace, to help provide life-saving medicines on a monthly basis. In addition to this, they arrange for travel and accommodation for the children to access necessary medical treatment. Solace Charities also dispatches dedicated volunteers for regular home care visits, ensuring that the children never feel alone during their challenging times. For cancer patients, Solace Charities extends financial assistance for treatment methods such as chemotherapy and radiation therapy.
In summary, Solace Charities is an essential partner in supporting Solace, an Indian voluntary organization, by raising funds and awareness for families with children battling terminal illnesses. They facilitate access to medical treatment, provide necessary medications, and offer emotional support through home care visits and financial aid for cancer treatment.
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Impact
October, 2024
Solace Charities Inc has made a significant impact by raising awareness and mobilizing financial resources to support families with children suffering from terminal illnesses. Operating out of Grapevine, TX, the organization focuses on connecting benevolent individuals and corporations worldwide with the essential work conducted by Solace, based in Thrissur, India.
Through its initiatives, Solace Charities facilitates critical financial, medical, moral, and social support. This includes providing life-saving medications, covering travel and accommodation expenses for medical treatments, and ensuring that families receive the best possible care. Regular home care visits by volunteers help alleviate feelings of isolation for these families, reinforcing their emotional well-being during challenging times.
In 2022, Solace Charities organized multiple fundraising events and raised vital donations, transferring these funds directly to its affiliate, Solace. The organization not only aids in immediate medical needs, such as chemotherapy and radiation for cancer patients, but also strives to create a broader community of support and awareness for those facing the hardships of terminal illnesses.
This information is meant to be a general summary of Solace Charities 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 2022.
- Gross Receipts: $212,868
Assets and Liabilities:
- Total Assets: $14,041
- Total Liabilities: $0
- Net Assets: $14,041
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Organization Details
Founding Year
2018
Phone
(817) 329-5010Principal Officer
Supriya Viswanathan
Main Address
1701 W Northwest Hwy Suite 100, Grapevine, TX, 76051
Website
www.solacecharities.org/NTEE Category
Code: P99 - Human services
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