Downtown Evening Soup Kitchen Inc

Analysis

Downtown Evening Soup Kitchen Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 2023, Downtown Evening Soup Kitchen Inc reported income of $1.5m and spending of $1.2m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $809k to $1.5m (+89%), an average of +24% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Evening Soup Kitchen Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Spring Grove Heritage Foundation ($1.5m), Chimney Safety Institute of America ($1.5m) and Roam Share ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (6.2% of expenses). Other salaries and wages came to $571k. At year end it held assets of $2.7m against liabilities of $730k, net assets of $2.0m. It reported 29 employees.