Seven Loaves Soup Kitchen Inc

Analysis

Seven Loaves Soup Kitchen Inc is a registered charity in United States, based in Tunkhannock, PA. It received its IRS tax-exemption ruling in January 2008, 18 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, Seven Loaves Soup Kitchen Inc reported income of $239k and spending of $229k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $239k (+30%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seven Loaves Soup Kitchen Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Jewish Center LLC ($239k), Titusville Area Senior Citizens Corporation ($239k) and Cane Child Development Center ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $12k (5.2% of expenses). Other salaries and wages came to $4,215. At year end it held assets of $980k against liabilities of $2,691, net assets of $978k. It reported 2 employees.