Claremont Soup Kitchen Inc

Analysis

Claremont Soup Kitchen Inc is a registered charity in United States, based in Claremont, NH. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Claremont Soup Kitchen Inc reported income of $523k and spending of $590k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $303k to $523k (+73%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 65%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Claremont Soup Kitchen Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within NH. Charities of a similar size with the same main cause include Youth Service Bureau of Rock Island ($523k), Community Family Life Centers Inc ($523k) and Lancaster Fresh Market Inc ($523k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $287k. At year end it held assets of $572k against liabilities of $4,300, net assets of $568k.