Sanford Soup Kitchen Inc

Analysis

Sanford Soup Kitchen Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in September 1990, 36 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, Sanford Soup Kitchen Inc reported income of $220k and spending of $171k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $228k to $220k (-3.4%), an average of -3.4% a year. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sanford Soup Kitchen Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Austintown Little League Association ($220k), Des Moines County Historial Society ($220k) and Hebrew Free Loan Assn of Tucson ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $31k. At year end it held assets of $448k against liabilities of $1,691, net assets of $446k.