The Souper Bowl of Caring Inc

Analysis

The Souper Bowl of Caring Inc is a registered charity in United States, based in Bee Cave, TX. It received its IRS tax-exemption ruling in December 1997, 29 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 May 2024, The Souper Bowl of Caring Inc reported income of $213k and spending of $187k, spending 87% of its income. Across the 6 years on record, from May 2019 to May 2024, income fell from $287k to $213k (-25%), an average of -5.7% a year. The sharpest change came in the year to May 2021, when income rose by 214%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Souper Bowl of Caring Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Perry Adult Living Inc ($213k), Symposia Community Bookstore ($213k) and Malibu Agricultural Projects Cornucopia Farms ($213k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (42% of expenses). At year end it held assets of $95k against liabilities of $20k, net assets of $75k. It reported 1 employees.