LA Soupe Inc

Analysis

LA Soupe Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LA Soupe Inc reported income of $6.8m and spending of $6.2m, spending 91% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $3.1m to $6.8m (+122%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 456%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Soupe Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Aurora Area Interfaith Food Pantry ($6.8m), Catholic Charities of the Diocese of Fort Wayne-South Bend Inc ($6.8m) and Oshkosh Area Community Pantry Inc ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $190k (3.1% of expenses). Other salaries and wages came to $252k. At year end it held assets of $6.3m against liabilities of $27k, net assets of $6.3m. It reported 47 employees.