United Soup Kitchens Inc

Analysis

United Soup Kitchens Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2003, 23 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 December 2023, United Soup Kitchens Inc reported income of $703k and spending of $410k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $703k (+868%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 603%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Soup Kitchens Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Foundation for Education for Generations ($702k), South West Special Recreation Association ($703k) and Compassionate Connections Center Inc ($702k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $681k, net assets of $412k.