Soup

Analysis

Soup is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Soup reported income of $226k and spending of $414k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $226k (-88%), an average of -41% a year. The sharpest change came in the year to December 2021, when income rose by 104%. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Soup sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Wausaukee Housing Corporation ($225k), The Army Retirement Residence Foundation-Potomac ($226k) and Ebenezer Lakes Senior Housing ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $14k. At year end it held assets of $4.4m against liabilities of $2.1m, net assets of $2.3m. It reported 1 employees.