Artists for Soup Inc

Analysis

Artists for Soup Inc is a registered charity in United States, based in Millbrook, NY. It received its IRS tax-exemption ruling in July 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Artists for Soup Inc reported income of $163k and spending of $191k, spending 117% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income grew from $151k to $163k (+8.1%), an average of +8.1% a year. 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, Artists for Soup Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Project Okurase ($163k), Christian Social Services Inc ($163k) and Shenango Valley Meals on Wheels ($163k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $78k against liabilities of $0, net assets of $78k.