Charity Search / SOAVE FAMILY CHARITABLE FOUNDATION
Philanthropy & Grantmaking (T99) 990 on File

SOAVE FAMILY CHARITABLE FOUNDATION

EIN: 46-4168386 · DETROIT, MI 48207-4962 · United States · FY 2024 Data
3 out of 5 42 / 100 Based on 2+ years of filings
Financial strength (30%) 63/100
Reliability (20%) 50/100
Effectiveness (25%) 51/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$773K
Total Revenue
$647K
Total Expenses
$320K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 100.0%
Fundraising Efficiency N/A
Operating Reserve 5.94x
Liability-to-Asset 0.0%
Revenue Diversification 100.0%
Executive Compensation $0
Compared with Peers
FY 2024
Compared with 16,669 similar organizations (United States, Philanthropy & Grantmaking, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
100.0% 90.2%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
5.9 mo 95.2 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 0.0%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
100.0% 90.5%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
20.0% 18.5%
P10P90
Expense growth
Year over year expense growth
42.5% 6.7%
P10P90
Surplus margin
Surplus as a share of revenue
16.3% 1.2%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $773K $647K $320K 100.0% —
2023 $644K $454K $194K 100.0% —
2022 $1.7M $1.7M $4K 100.0% —
2021 $0 $863 $1K 100.0% —
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Organization Details
EIN
46-4168386
State
MI
City
DETROIT
ZIP
48207-4962
Classification
T99
Category
Philanthropy & Grantmaking
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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