Waterville Area Soup Kitchen

Analysis

Waterville Area Soup Kitchen is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Waterville Area Soup Kitchen reported income of $155k and spending of $152k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $112k to $155k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Waterville Area Soup Kitchen sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include Massachusetts Veterans Foundation Inc ($155k), Little League Baseball Inc ($155k) and National Ski Patrol System Inc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.