Soul Food Project Inc

Analysis

Soul Food Project Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 October 2023, Soul Food Project Inc reported income of $382k and spending of $342k, spending 90% of its income. Across the 2 years on record, from October 2022 to October 2023, income grew from $272k to $382k (+40%), an average of +40% a year. The sharpest change came in the year to October 2023, when income rose by 40%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Soul Food Project Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within IN. Charities of a similar size with the same main cause include Boy Scouts of America ($381k), Girls Matter ($382k) and Southlake Carroll Lacrosse Association ($381k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $41k (12% of expenses). Other salaries and wages came to $77k. At year end it held assets of $153k against liabilities of $0, net assets of $153k. It reported 23 employees.