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CHARITY REVIEW
Issued: July 2024 Expires: July 2026

Eco-Soap Bank

Accredited Charity
Accredited Charity

Meets Standards

1800 Murray Avenue Post Office Box 81188
Pittsburgh, PA, 15217

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Eco-Soap Bank meets the 20 Standards for Charity Accountability.

Stated Purpose:
"to save, sanitize, and supply recycled hotel soap to the developing world."

Year, State Incorporated:
2015, PA

Eco-Soap Bank (ESB) reports that it creates and delivers soap and hygiene education to children in schools, health clinics, hospitals, and communities across ten countries in Africa and Asia. The organization works with economically disadvantaged women to start and operate soap-recycling initiatives. The women collect, sanitize, and recycle the partially used soap bars from hotels and factory waste.

For the year ended December 31, 2022, Eco-Soap Bank's program expenses were:

Program services $1,375,428
Total Program Expenses $1,375,428

Chief Executive
Samir Lakhani, Founder and Executive Director

Compensation*
$23,846

Chair of the Board
Shagun Ahluwalia

Chair's Profession / Business Affiliation
Principal Human Resources Business Partner, Amazon Web Services

Board Size
7

Paid Staff Size
10

*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Method(s) Used:
Grant proposals, Internet

Fundraising costs were less than 1% of related contributions. (Related contributions, which totaled $1,755,598, are donations received as a result of fundraising activities.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Eco-Soap Bank's audited financial statements for the year ended December 31, 2022.

Source of Funds
Investment loss $-17,230
Program revenue $314,279
In-kind contributions $381,765
Contributions $1,373,833
Total Income $2,052,647

Programs: 91% Fundraising: 1% Administrative: 9%

Total Income $2,052,647
Total expenses: $1,518,655
  Program expenses $1,375,428
  Fundraising expenses $13,539
  Administrative expenses $129,688
  Other expenses $0
Income in Excess of Expenses $533,992
Beginning Net Assets $678,235
Other Changes In Net Assets $0
Ending Net Assets $1,212,227
Total Liabilities $0
Total Assets $1,212,227

Note: According to ESB's 2022 audited financial statements, the organization received in-kind contributions of $381,765 in the form of soap.

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Wise Giving Alliance