Belfast Soup Kitchen

Analysis

Belfast Soup Kitchen is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in December 2010, 16 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, Belfast Soup Kitchen reported income of $729k and spending of $776k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $911k to $729k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Belfast Soup Kitchen sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Dakota Hope Clinic ($729k), New England Arab American Organization ($729k) and Alabama Network of Family Resource Centers Inc ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $65k (8.4% of expenses). Other salaries and wages came to $108k. At year end it held assets of $1.4m against liabilities of $6,620, net assets of $1.4m. It reported 4 employees.