Soup for the Soul Org Inc

Analysis

Soup for the Soul Org Inc is a registered charity in United States, based in Murray, KY. It received its IRS tax-exemption ruling in March 2015, 11 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 December 2023, Soup for the Soul Org Inc reported income of $205k and spending of $185k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $216k to $205k (-4.9%), an average of -1.7% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soup for the Soul Org Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within KY. Charities of a similar size with the same main cause include Tulsas Backyard Initiative Fund ($205k), Himalayan Alliance Inc ($205k) and Heartland Bank Community Foundation ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (23% of expenses). Other salaries and wages came to $46k. At year end it held assets of $348k against liabilities of $585, net assets of $347k.