Hickory Soup Kitchen Inc

Analysis

Hickory Soup Kitchen Inc is a registered charity in United States, based in Hickory, NC. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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, Hickory Soup Kitchen Inc reported income of $559k and spending of $663k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $437k to $559k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hickory Soup Kitchen Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Peter Westbrook Foundation Inc ($559k), Pennsylvania Emergency Health Services Council ($559k) and Neurofibromatosis Incorporated Northeast ($559k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $68k (10% of expenses). Other salaries and wages came to $198k. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m. It reported 12 employees.