Laramie Soup Kitchen

Analysis

Laramie Soup Kitchen is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover human services, 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 June 2024, Laramie Soup Kitchen reported income of $465k and spending of $348k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $204k to $465k (+128%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 302%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Laramie Soup Kitchen sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within WY. Charities of a similar size with the same main cause include Attica Fair Association ($465k), Sand Point Child Development Center ($465k) and Concrete Rose Community Foundation ($465k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $70k (20% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.0m against liabilities of $5,216, net assets of $1.0m. It reported 19 employees.