Community Soup Kitchen of Goldsboro Inc

Analysis

Community Soup Kitchen of Goldsboro Inc is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in September 2004, 22 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, Community Soup Kitchen of Goldsboro Inc reported income of $146k and spending of $196k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $161k to $146k (-9.2%), an average of -2.4% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Soup Kitchen of Goldsboro Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Project Access Inc ($146k), St Edwards Food and Wellness Center Inc ($146k) and Kids N Culture Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $136k (70% of expenses). At year end it held assets of $614k against liabilities of $0, net assets of $614k. It reported 3 employees.