Lenoir Soup Kitchen Inc

Analysis

Lenoir Soup Kitchen Inc is a registered charity in United States, based in Lenoir, NC. It received its IRS tax-exemption ruling in March 1992, 34 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 December 2023, Lenoir Soup Kitchen Inc reported income of $175k and spending of $166k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $199k to $175k (-12%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lenoir Soup Kitchen Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within NC. Charities of a similar size with the same main cause include Proyecto Oasis de Amor Inc ($175k), Disrupting Traffick ($175k) and Byron Basketball Association Inc ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $40k (24% of expenses). Other salaries and wages came to $53k. At year end it held assets of $369k against liabilities of $2,215, net assets of $367k. It reported 4 employees.