Soup Kitchen of Muncie Inc

Analysis

Soup Kitchen of Muncie Inc is a registered charity in United States, based in Muncie, IN. It received its IRS tax-exemption ruling in January 1996, 30 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 December 2023, Soup Kitchen of Muncie Inc reported income of $182k and spending of $223k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $207k to $182k (-12%), an average of -6.3% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soup Kitchen of Muncie Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Life in Christ Susan F Scannon Christian Learning Center Inc ($182k), Friendship Foundation of American-Vietnamese Inc ($182k) and Missourians Who Kare for Injured and Disabled Students ($182k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $46k. At year end it held assets of $262k against liabilities of $1,018, net assets of $261k. It reported 3 employees.