Claremont Soup Kitchen Inc
Claremont Soup Kitchen Inc faces recent operating deficits despite revenue growth and zero officer compensation.
EIN: 20367045 · Claremont, NH · NTEE: K34Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $523K |
| Total Expenses | $590K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $568K |
| Transparency Score | 85/100 |
Is Claremont Soup Kitchen Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Claremont Soup Kitchen Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Claremont Soup Kitchen Inc
Claremont Soup Kitchen Inc (EIN: 20367045) is a nonprofit organization based in Claremont, NH, classified under NTEE code K34Z. The organization reported total revenue of $523K and total assets of $572K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Claremont Soup Kitchen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Claremont Soup Kitchen Inc is a small nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $523K |
| Total Expenses | $590K |
| Surplus / Deficit | $-66,274 |
| Total Assets | $572K |
| Total Liabilities | $4K |
| Net Assets | $568K |
| Operating Margin | -12.7% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2024, Claremont Soup Kitchen Inc reported a deficit of $66K with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Claremont Soup Kitchen Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.4% | +6.9% | -12.3% |
| 2023 | -1.8% | +41.9% | -11.5% |
| 2022 | +2.7% | +20.4% | +10.2% |
| 2021 | -11.1% | +18.2% | -3.9% |
| 2020 | +65.4% | +7.3% | +54.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Claremont Soup Kitchen Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Claremont Soup Kitchen Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through non-officer categories, which is highly favorable for a nonprofit of its size with revenues exceeding $500,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Claremont Soup Kitchen Inc's IRS 990 filings:
- Expenses exceeding revenue in the last two reporting periods (202406: $589,551 expenses vs. $523,277 revenue; 202306: $551,716 expenses vs. $449,549 revenue).
- A decline in total assets from $737,039 in 2022 to $572,045 in 2024, indicating a draw on reserves.
Strengths
The following positive indicators were identified for Claremont Soup Kitchen Inc:
- Consistent 0% officer compensation across all available filings, indicating efficient use of funds for mission.
- Strong program focus, as implied by the NTEE code K34Z (Soup Kitchens & Food Banks).
- Long history of consistent IRS 990 filings (14 filings), demonstrating strong financial transparency.
- Significant revenue growth over the past decade, from $224,440 in 2015 to $523,277 in 2024.
- Relatively low liabilities, with $4,300 in the latest period (202406), indicating good debt management.
Frequently Asked Questions about Claremont Soup Kitchen Inc
Is Claremont Soup Kitchen Inc a legitimate charity?
Claremont Soup Kitchen Inc (EIN: 20367045) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $523K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Claremont Soup Kitchen Inc spend its money?
Claremont Soup Kitchen Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Claremont Soup Kitchen Inc tax-deductible?
Claremont Soup Kitchen Inc is registered as a tax-exempt nonprofit (EIN: 20367045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Claremont Soup Kitchen Inc CEO make?
Claremont Soup Kitchen Inc's highest-compensated officer earns $500,000. annually. The organization reported $523K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Claremont Soup Kitchen Inc's spending goes to programs?
Claremont Soup Kitchen Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Claremont Soup Kitchen Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Claremont Soup Kitchen Inc is above average for NTEE category K34Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Claremont Soup Kitchen Inc located?
Claremont Soup Kitchen Inc is headquartered in Claremont, New Hampshire and files with the IRS under EIN 20367045. It is classified under NTEE code K34Z.
How many years of IRS 990 filings does Claremont Soup Kitchen Inc have?
Claremont Soup Kitchen Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $523K in total revenue.
Is Claremont Soup Kitchen Inc a good charity?
Yes, Claremont Soup Kitchen Inc appears to be a good charity. It has a clear mission, a long history of service, and reports 0% officer compensation, indicating a strong commitment to its cause. While recent operating deficits are a concern, its overall financial health and transparency are positive.
Why are expenses exceeding revenue in recent years?
In the 202406 period, expenses were $589,551 while revenue was $523,277, and in 202306, expenses were $551,716 against $449,549 in revenue. This trend suggests increased operational costs or a temporary dip in fundraising effectiveness that the organization needs to address to maintain financial stability.
How has the organization's asset base changed?
The organization's assets have fluctuated, peaking at $737,039 in 2022 but decreasing to $572,045 by 2024. This decline in assets correlates with the recent periods where expenses have outpaced revenue.
What is the organization's NTEE code and what does it signify?
The NTEE code K34Z indicates that Claremont Soup Kitchen Inc is primarily involved in 'Food, Agriculture, & Nutrition' services, specifically 'Soup Kitchens & Food Banks', confirming its direct service mission.
Is the organization transparent with its finances?
Yes, the organization demonstrates good financial transparency with 14 IRS 990 filings available, showing a consistent record of reporting its financial activities over many years.
Filing History
IRS 990 filing history for Claremont Soup Kitchen Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Claremont Soup Kitchen Inc's revenue has grown by 144%, moving from $214K to $523K. Total assets increased by 9.2% over the same period, from $524K to $572K. Total functional expenses rose by 173.3%, from $216K to $590K. In its most recent filing year (2024), Claremont Soup Kitchen Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $4K in liabilities against $572K in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $568K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $523K | $590K | $572K | $4K | — | — |
| 2023 | $450K | $552K | $652K | $18K | — | View 990 |
| 2022 | $458K | $389K | $737K | $853 | — | View 990 |
| 2021 | $445K | $323K | $669K | $1K | — | View 990 |
| 2020 | $501K | $273K | $696K | $151K | — | View 990 |
| 2019 | $303K | $254K | $449K | $132K | — | View 990 |
| 2018 | $234K | $229K | $415K | $146K | — | View 990 |
| 2017 | $220K | $214K | $417K | $154K | — | View 990 |
| 2016 | $186K | $208K | $405K | $148K | — | View 990 |
| 2015 | $224K | $228K | $432K | $153K | — | View 990 |
| 2014 | $214K | $214K | $443K | $161K | — | View 990 |
| 2013 | $228K | $211K | $449K | $166K | — | View 990 |
| 2012 | $158K | $239K | $437K | $171K | — | View 990 |
| 2011 | $214K | $216K | $524K | $177K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $523K, expenses of $590K, and assets of $572K (revenue +16.4% year-over-year).
- 2023: Revenue of $450K, expenses of $552K, and assets of $652K (revenue -1.8% year-over-year).
- 2022: Revenue of $458K, expenses of $389K, and assets of $737K (revenue +2.7% year-over-year).
- 2021: Revenue of $445K, expenses of $323K, and assets of $669K (revenue -11.1% year-over-year).
- 2020: Revenue of $501K, expenses of $273K, and assets of $696K (revenue +65.4% year-over-year).
- 2019: Revenue of $303K, expenses of $254K, and assets of $449K (revenue +29.4% year-over-year).
- 2018: Revenue of $234K, expenses of $229K, and assets of $415K (revenue +6.5% year-over-year).
- 2017: Revenue of $220K, expenses of $214K, and assets of $417K (revenue +17.9% year-over-year).
- 2016: Revenue of $186K, expenses of $208K, and assets of $405K (revenue -17.0% year-over-year).
- 2015: Revenue of $224K, expenses of $228K, and assets of $432K (revenue +4.7% year-over-year).
- 2014: Revenue of $214K, expenses of $214K, and assets of $443K (revenue -5.9% year-over-year).
- 2013: Revenue of $228K, expenses of $211K, and assets of $449K (revenue +44.0% year-over-year).
- 2012: Revenue of $158K, expenses of $239K, and assets of $437K (revenue -26.2% year-over-year).
- 2011: Revenue of $214K, expenses of $216K, and assets of $524K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Claremont Soup Kitchen Inc:
Data Sources and Methodology
This transparency report for Claremont Soup Kitchen Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.