Feed the Soul Foundation

Analysis

Feed the Soul Foundation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Feed the Soul Foundation reported income of $1.5m and spending of $1.6m, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $2.2m to $1.5m (-32%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Feed the Soul Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Castro Upper Market Community Benefit District Inc ($1.5m), Springboard 2000 Enterprises Inc ($1.5m) and United Mine Workers of America Career Centers Inc ($1.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.7m. It reported 3 employees.