Community Soup Bowl Inc

Analysis

Community Soup Bowl Inc is a registered charity in United States, based in Tuscaloosa, AL. It received its IRS tax-exemption ruling in September 1983, 43 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, Community Soup Bowl Inc reported income of $503k and spending of $369k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $226k to $503k (+123%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 52%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Soup Bowl Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within AL. Charities of a similar size with the same main cause include Notre Dame Schools ($503k), Womens Golf Coaches Association Inc ($503k) and Sheboygan Youth Sailing Club Inc ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $56k (15% of expenses). At year end it held assets of $969k against liabilities of $3,495, net assets of $965k. It reported 8 employees.