Cathedral Soup Kitchen Inc

Analysis

Cathedral Soup Kitchen Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cathedral Soup Kitchen Inc reported income of $7.9m and spending of $6.7m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $7.9m (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cathedral Soup Kitchen Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include McClendon Center ($7.9m), Anne Carlsen Center Foundation ($7.9m) and Community Haven for Adults and Children with Disabilities Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $136k (2.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $11.6m against liabilities of $500k, net assets of $11.1m. It reported 73 employees.