Feeding the Soul Foundation

Analysis

Feeding the Soul Foundation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Feeding the Soul Foundation reported income of $1.9m and spending of $1.9m, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.7m to $1.9m (+8.5%), an average of +2.8% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Feeding the Soul Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include DFW Heavy Duty Foundation ($1.9m), Annika Foundation ($1.9m) and Keokuk Area Community Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $225k (12% of expenses). Other salaries and wages came to $432k. At year end it held assets of $282k against liabilities of $125k, net assets of $158k. It reported 50 employees.