Motown Soup Inc

Analysis

Motown Soup Inc is a registered charity in United States, based in Utica, MI. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Motown Soup Inc reported income of $234k and spending of $28k, leaving 88% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $247k to $234k (-5.3%), an average of -1.3% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Motown Soup Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Xavier Foundation Inc ($234k), Friends of Shirati ($234k) and Help for Hungry & Homeless Inc ($233k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 8.0% of the total. At year end it held assets of $308k against liabilities of $1,315, net assets of $306k.