Hungry Souls Inc

Analysis

Hungry Souls Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover human services, 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, Hungry Souls Inc reported income of $461k and spending of $605k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $461k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hungry Souls Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Mom Center ($461k), Saw Endowment Foundation ($461k) and Fish & Loaves ($461k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $105k. At year end it held assets of $251k against liabilities of $9,008, net assets of $242k. It reported 8 employees.