Bounty & Soul

Analysis

Bounty & Soul is a registered charity in United States, based in Black MTN, NC. It received its IRS tax-exemption ruling in August 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 2022, Bounty & Soul reported income of $3.2m and spending of $2.9m, spending 92% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $970k to $3.2m (+227%), an average of +34% a year. The sharpest change came in the year to December 2019, when income rose by 93%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bounty & Soul sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Community Partnerships Inc ($3.2m), Trec Community Investors ($3.2m) and Youth Service Bureau of St Joseph County Inc ($3.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $187k (6.4% of expenses). Other salaries and wages came to $374k. It paid $2,878 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $177k, net assets of $986k. It reported 17 employees.