East Side Soup Kitchen

Analysis

East Side Soup Kitchen is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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, East Side Soup Kitchen reported income of $1.1m and spending of $1.0m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $504k to $1.1m (+112%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 89%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, East Side Soup Kitchen sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Cockeysville Volunteer Fire Co of Cockeysville Baltimore Co MD ($1.1m), Acorn a School for Young Children ($1.1m) and Alabama Special Olympics Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $83k (8.2% of expenses). Other salaries and wages came to $134k. At year end it held assets of $1.2m against liabilities of $14k, net assets of $1.1m. It reported 14 employees.