Soup for All Inc

Analysis

Soup for All Inc is a registered charity in United States, based in Spring Lake, MI. It received its IRS tax-exemption ruling in January 2020, 6 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, Soup for All Inc reported income of $68k and spending of $55k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $68k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Soup for All Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 26th percentile within MI. Charities of a similar size with the same main cause include Wood County Child Protection Board Inc ($68k), Greater Milan Initiative ($68k) and Loaves and Fishes of Union County Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.