Food for Soul Inc

Analysis

Food for Soul Inc is a registered charity in United States, based in Liverpool, NY. It received its IRS tax-exemption ruling in November 2022, 4 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, Food for Soul Inc reported income of $609k and spending of $828k, spending 136% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $390k to $609k (+56%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food for Soul Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Small Steps Incorporated ($609k), Maryland Child Care Association Inc ($609k) and Green Village Initiative Inc ($609k).

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 $127k (15% of expenses). Other salaries and wages came to $118k. At year end it held assets of $203k against liabilities of $0, net assets of $203k. It reported 4 employees.