Soupmobile Inc

Analysis

Soupmobile Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, 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, Soupmobile Inc reported income of $1.2m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.2m (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soupmobile Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Carbon County Senior Services Inc ($1.2m), A-1 Community Housing Services ($1.2m) and Gods Grace Learning Center ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $96k (8.2% of expenses). Other salaries and wages came to $47k. At year end it held assets of $1.8m against liabilities of $14k, net assets of $1.8m. It reported 3 employees.