Food, Agriculture & Nutrition
(K35)
990 on File
THE SPARTANBURG SOUP KITCHEN INC
Financial strength (30%)
80/100
Reliability (20%)
50/100
Effectiveness (25%)
75/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$1.5M
Total Revenue
$1.3M
Total Expenses
$2.2M
Net Assets
20
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.1%
Fundraising Efficiency
N/A
Operating Reserve
19.89x
Liability-to-Asset
0.2%
Revenue Diversification
99.9%
Compared with Peers
FY 2024
Compared with 769 similar organizations
(United States, Food, Agriculture & Nutrition, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.1% | 90.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
5.9% | 6.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.9 mo | 7.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.2% | 7.1% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.9% | 95.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
7.4% | 8.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.1% | 9.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.1% | 1.9% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.5M | $1.3M | $2.2M | 94.1% | 20 |
| 2023 | $1.4M | $1.2M | $2.0M | 93.7% | 17 |
| 2022 | $1.2M | $1.0M | $1.8M | 93.6% | 14 |
| 2021 | $1.2M | $980K | N/A | — | 14 |
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