Stone Soup Corvallis Inc

Analysis

Stone Soup Corvallis Inc is a registered charity in United States, based in Corvallis, OR. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Stone Soup Corvallis Inc reported income of $233k and spending of $185k, leaving 20% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $371k to $233k (-37%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Soup Corvallis 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 57th percentile, and in the 56th percentile within OR. Charities of a similar size with the same main cause include Harrison House Personal Care Home ($233k), Sida Family Foundation ($233k) and Dig in Yancey Community Garden ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $41k. At year end it held assets of $405k against liabilities of $9,955, net assets of $395k. It reported 1 employees.