Potato Soup Foundation

Analysis

Potato Soup Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in October 2006, 20 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, Potato Soup Foundation reported income of $119k and spending of $98k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $275k to $119k (-57%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Potato Soup Foundation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within WA. Charities of a similar size with the same main cause include Bountiful Blessings Food Pantry ($119k), Kaleidoscope Community Services Inc ($119k) and Anson Meals on Wheels Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.