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Massachusetts · Nonprofit

SOLDIER ON INC

SOLDIER ON INC (Massachusetts) receives grants from 26 organizations whose IRS filings report $1,378,637 to it, the largest being THDF II Inc DBA The Home Depot Foundation & Homer Fund ($500,000). 11 of them have funded it in more than one year.

Revenue FY2025
$23M
Funders on record
26
Grants received
$1.4M
Net assets
$937k
11/26 repeat funderspeak grant-dependency 1%
01What it does

What Soldier on Inc does

Mission

Provides services to homeless or potentially homeless veterans. Services include transitional and permanent housing, case management, financial management, meals, transportation, etc.

As stated on its FY2025 Form 990.

Program

  1. Provided homeless services to qualified veterans

    $22,677,138 spent$1,515,073 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $22,677,138.

02The organization over time

The organization over time

Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20182018 Revenue 100 ($13M) Expenses 100 ($14M) Net assets 100 ($10M)2019 Revenue 97 ($13M) Expenses 101 ($14M) Net assets 91 ($9.1M)2020 Revenue 96 ($13M) Expenses 95 ($13M) Net assets 87 ($8.8M)2021 Revenue 115 ($15M) Expenses 111 ($15M) Net assets 86 ($8.7M)2022 Revenue 102 ($13M) Expenses 102 ($14M) Net assets 82 ($8.3M)2023 Revenue 133 ($17M) Expenses 129 ($18M) Net assets 17 ($1.7M)2024 Revenue 159 ($21M) Expenses 156 ($21M) Net assets 13 ($1.3M)2025 Revenue 177 ($23M) Expenses 174 ($24M) Net assets 9 ($937k)
'18'19'20'21'22'23'24'25
Revenue (177)Expenses (174)Net assets (9)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $26M to $4.8M (−82%).

$23M
$23M
$26M
$25M
$26M
$4.8M
$4.3M
$5.2M
'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2023 89% · 2024 88% · 2025 87%. Grants only. Government contracts and fees sit inside program revenue.

93% of SOLDIER ON INC’s revenue is contributions — more donation-reliant than the typical peer (30% for the typical peer).

This organization
Typical peer · 286 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 8 reported years ran a deficit.

−$471k
’18
−$945k
’19
−$355k
’20
−$93k
’21
−$403k
’22
−$163k
’23
−$453k
’24
−$352k
’25
0.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'18'19'20'21'22'23'24'25
Listed1314131213182019
Joined·+1+0+2+2+6+2+0
No longer listed·0131101
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 8 funders to 11 funders, grant income rose $110k → $176k.

4 of 26 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 3% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $385k from one payer (the payer shares this organization's board, largest Soldier on Foundation Inc). These are real filings, and they are not money SOLDIER ON INC raised.

From the IRS filings of SOLDIER ON INC’s funders (the co-funder graph). Top 25 of 26 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SOLDIER ON INC leans on a few funders — its largest provides 36% of grant income and the top three 70%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

48% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SOLDIER ON INC.

36%
largest funder
70%
top three
~5
effective funders

Largest funder’s share by year: 2017 46% · 2018 59% · 2019 82% · 2020 29% · 2021 48% · 2022 49% · 2023 28% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

35% of SOLDIER ON INC's funders are still giving 3 years after their first grant; 42% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

SOLDIER ON INC draws 51% of its grant income from funders outside Massachusetts, across 11 states in all.

VT
MI
NY
MA
OH
PA
VA
DE
NC
MS
GA

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Massachusetts out of state home

Funder states come from each funder’s own filing. $40k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SOLDIER ON INC's funding base is broadening — from 8 funders to 11 as grant income climbed.

Operating margin−2% · bottom quartile
Months of reserve0.7mo · bottom quartile
Revenue growth (annualized)9% · below the median

this organization peer median middle 50% of peers· 132 public benefit nonprofits $10M–$100M, FY2025

Government funding SOLDIER ON INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $145.6M on record — $134.7M federal, $10.9M state.

Federal$134.7M
grants $125.9Mcontracts $8.8M
17
18
19
20
21
22
23
24
25
Top agencies
  • Department of Veterans Affairs$133.4M
  • Department of Housing and Urban Development$900k
  • Department of Labor$412k
State$10.9M
17
18
19
20
21
22
23
24
25
By state
  • MA$8.3M
  • NJ$2.6M

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like SOLDIER ON INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Massachusetts

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

96% of spending goes to programs.

Program 96%Management 3%Fundraising 1%

Governance

12
board members
83%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MA

Part of a family of 5 related entities

  • Soldier on Development & Management Company Inc · exempt
  • Soldier on of Delaware Inc · exempt
  • Soldier on Foundation Inc · exempt
  • Soldier on Veterans Village II LLC · corp_trust
  • Soldier on Veterans Village VI LLC · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for SOLDIER ON INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SOLDIER ON INC?
SOLDIER ON INC (Massachusetts) receives grants from 26 organizations whose IRS filings report $1,378,637 to it, the largest being THDF II Inc DBA The Home Depot Foundation & Homer Fund ($500,000). 11 of them have funded it in more than one year.
How many funders does SOLDIER ON INC have?
IRS filings report 26 organizations giving $1,378,637 in grants to SOLDIER ON INC, 11 of which have funded it in more than one year.
Who is the largest funder of SOLDIER ON INC?
THDF II Inc DBA The Home Depot Foundation & Homer Fund is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
How can an organization like SOLDIER ON INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Soldier on →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 26 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing