Soup Kitchen Inc

Analysis

Soup Kitchen Inc is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in June 1980, 46 years ago. 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 June 2023, Soup Kitchen Inc reported income of $258k and spending of $193k, leaving 25% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $190k to $258k (+36%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 125%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Soup Kitchen Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Senior Citizens Center ($258k), Haven Health Clinic of Rome Inc ($259k) and The Preservation Company of the Peekskill Area Health Center Inc ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $93k. At year end it held assets of $1.0m against liabilities of $1,928, net assets of $1.0m. It reported 10 employees.