The Soup Kitchen Inc

Analysis

The Soup Kitchen Inc is a registered charity in United States, based in Boynton Beach, FL. It received its IRS tax-exemption ruling in September 1986, 40 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 September 2023, The Soup Kitchen Inc reported income of $14.0m and spending of $14.6m, spending 105% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $880k to $14.0m (+1491%), an average of +152% a year. The sharpest change came in the year to September 2023, when income rose by 822%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Soup Kitchen Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Horizons Programs Inc ($14.0m), District Council of Madison Inc Society of St Vincent de Paul ($14.0m) and Kinnect ($14.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $263k (1.8% of expenses). Other salaries and wages came to $419k. It paid $3,295 in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $13, net assets of $3.5m. It reported 17 employees.