Stone Soup Food Bank

Analysis

Stone Soup Food Bank is a registered charity in United States, based in Lapeer, MI. It received its IRS tax-exemption ruling in December 2010, 16 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 September 2023, Stone Soup Food Bank reported income of $122k and spending of $105k, spending 86% of its income. Across the 2 years on record, from September 2022 to September 2023, income fell from $129k to $122k (-5.1%), an average of -5.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Soup Food Bank sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Community Agenda for Regained Empowerment ($122k), J C Manna Mission ($122k) and Business Jet Cares Inc ($122k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $21k, net assets of $67k.