Stone Soup PDX

Analysis

Stone Soup PDX is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stone Soup PDX reported income of $875k and spending of $1.2m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $875k (+191%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 829%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stone Soup PDX sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OR. Charities of a similar size with the same main cause include One Roof Ecumenical Allianceoutreach Incorporation ($875k), Family Service Agency of Bay County Inc ($875k) and There Is No Hero in Heroin Foundation Inc ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $129k (11% of expenses). Other salaries and wages came to $617k. At year end it held assets of $904k against liabilities of $9,047, net assets of $895k. It reported 31 employees.