Cecil and Grace Beans Soup Kitchen Inc

Analysis

Cecil and Grace Beans Soup Kitchen Inc is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover human services, 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, Cecil and Grace Beans Soup Kitchen Inc reported income of $157k and spending of $165k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $141k to $157k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cecil and Grace Beans Soup Kitchen Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include North Carolina Coalition on Aging ($157k), Washington State Senior Games ($157k) and Rosemarys Wish Kids Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $720k against liabilities of $0, net assets of $720k.