Downtown Soup Kitchen

Analysis

Downtown Soup Kitchen is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 August 2023, Downtown Soup Kitchen reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.4m (+63%), an average of +13% a year. The sharpest change came in the year to August 2021, 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, Downtown Soup Kitchen sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within AK. Charities of a similar size with the same main cause include Wayforward ($2.4m), Family YMCA of Lancaster & Fairfield County ($2.4m) and Converse County Aging Services ($2.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 8.6% of the total. Compensation of current officers, directors and key employees was $87k (3.7% of expenses). Other salaries and wages came to $867k. At year end it held assets of $5.2m against liabilities of $1.2m, net assets of $4.1m. It reported 44 employees.