Sharing Bread Soup Kitchen Inc

Analysis

Sharing Bread Soup Kitchen Inc is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in June 1989, 37 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 October 2023, Sharing Bread Soup Kitchen Inc reported income of $183k and spending of $197k, spending 107% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $210k to $183k (-13%), an average of -3.4% a year. The sharpest change came in the year to October 2021, when income rose by 98%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sharing Bread Soup Kitchen Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Rock Lake Activity Center Inc ($183k), Oak Park Art League ($183k) and Blue Sky Ranch Inc ($183k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $57k (29% of expenses). Other salaries and wages came to $52k. At year end it held assets of $584k against liabilities of $1,334, net assets of $583k. It reported 4 employees.