Isaiahs Soup Kitchen Inc

Analysis

Isaiahs Soup Kitchen Inc is a registered charity in United States, based in Hobbs, NM. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Isaiahs Soup Kitchen Inc reported income of $244k and spending of $209k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $158k to $244k (+54%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Isaiahs Soup Kitchen Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include Foundations of Freedom Inc ($244k), Side by Side ($244k) and Connectup ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (23% of expenses). Other salaries and wages came to $60k. At year end it held assets of $243k against liabilities of $2,040, net assets of $241k. It reported 4 employees.