Stone Soup

Analysis

Stone Soup is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 2017, 9 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, Stone Soup reported income of $275k and spending of $287k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $181k to $275k (+52%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Soup sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within UT. Charities of a similar size with the same main cause include Transformative Development Corporation ($275k), Loray Girls Home Inc ($275k) and Reach Shirati ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (10% of expenses). At year end it held assets of $5,252 against liabilities of $0, net assets of $5,252. It reported 1 employees.