Covenant Soup Kitchen Inc
Covenant Soup Kitchen Inc consistently grows assets and operates without executive compensation.
EIN: 203498376 · Willimantic, CT · NTEE: K35 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $3.1M |
| Transparency Score | 95/100 |
Search Intent Cockpit
Covenant Soup Kitchen Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Covenant Soup Kitchen Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Covenant Soup Kitchen Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.6M and expenses of $1.3M.
Revenue and Expenses
Covenant Soup Kitchen Inc reported $1.6M in revenue and $1.3M in expenses, a surplus of $297K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
Is Covenant 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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $1.2M (90%) |
Across stored filings, Covenant Soup Kitchen Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Teen Center Of Wilton Inc | Connecticut and Category K context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Teen Center Of Wilton Inc →All Connecticut nonprofits
All Category K
Local and Sector Spokes
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Willimantic, CT nonprofitsCategory K in Connecticut
Human Services in Connecticut
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Category K spending
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Keep the Investigation Moving
Covenant Soup Kitchen Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Covenant Soup Kitchen Inc
Covenant Soup Kitchen Inc (EIN: 203498376) is a nonprofit organization based in Willimantic, CT, classified under NTEE code K35. The organization reported total revenue of $1.8M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Covenant Soup Kitchen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Covenant Soup Kitchen Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$297K |
| Total Assets | $3.2M |
| Total Liabilities | $28K |
| Net Assets | $3.1M |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 29.3 months |
Financial Health Grade: A
In 2023, Covenant Soup Kitchen Inc reported a surplus of $297K with revenue exceeding expenses, holds 29.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Covenant Soup Kitchen Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | -0.9% | +10.1% |
| 2022 | +2.6% | -8.7% | +20.7% |
| 2021 | +20.3% | +26.0% | +29.8% |
| 2020 | +42.4% | +27.8% | +29.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Covenant Soup Kitchen Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Covenant Soup Kitchen Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $297K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filing periods, indicating that no officers or key employees receive compensation directly from the organization, which is highly unusual and suggests a volunteer-led or extremely lean leadership structure.
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 Covenant Soup Kitchen Inc's IRS 990 filings:
- Reported $0 revenue in 2018, which could indicate a reporting anomaly or a unique operational year that warrants further investigation.
Strengths
The following positive indicators were identified for Covenant Soup Kitchen Inc:
- Consistent asset growth, from $809,918 in 2014 to $3,150,784 in 2023.
- Operates with a consistent revenue surplus, contributing to financial stability (e.g., $1,587,898 revenue vs. $1,290,798 expenses in 2023).
- 0% officer compensation reported across all filing periods, indicating high efficiency and dedication to mission.
- Low liabilities relative to assets, demonstrating strong financial management.
- Long history of consistent IRS 990 filings (13 filings), indicating good transparency.
Frequently Asked Questions about Covenant Soup Kitchen Inc
Is Covenant Soup Kitchen Inc a legitimate charity?
Covenant Soup Kitchen Inc (EIN: 203498376) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Covenant Soup Kitchen Inc spend its money?
Covenant Soup Kitchen Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Covenant Soup Kitchen Inc tax-deductible?
Covenant Soup Kitchen Inc is registered as a tax-exempt nonprofit (EIN: 203498376). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Covenant Soup Kitchen Inc's spending goes to programs?
Covenant Soup Kitchen Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Covenant Soup Kitchen Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Covenant Soup Kitchen Inc is above average for NTEE category K35 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Covenant Soup Kitchen Inc located?
Covenant Soup Kitchen Inc is headquartered in Willimantic, Connecticut and files with the IRS under EIN 203498376. It is classified under NTEE code K35.
How many years of IRS 990 filings does Covenant Soup Kitchen Inc have?
Covenant Soup Kitchen Inc has 13 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 $1.8M in total revenue.
Is Covenant Soup Kitchen Inc a good charity?
Based on the provided financial data, Covenant Soup Kitchen Inc appears to be a very good charity. It demonstrates strong financial health, consistent asset growth, operates with a surplus, and notably reports 0% officer compensation across all filings, indicating a high dedication to its mission and efficient use of funds.
How has Covenant Soup Kitchen Inc's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown significantly from $809,918 in 2014 to $3,150,784 in 2023. Revenue has also shown consistent growth, from $838,700 in 2014 to $1,587,898 in 2023, with a notable dip in 2018 where revenue was reported as $0, which may warrant further investigation but was quickly recovered from.
What is the organization's approach to executive compensation?
Covenant Soup Kitchen Inc reports 0% officer compensation for all available filing periods. This indicates that its leadership is either entirely volunteer-based or compensated through other means, which is a strong positive for directing funds to programs.
Does Covenant Soup Kitchen Inc manage its liabilities effectively?
Yes, the organization appears to manage its liabilities very effectively. Liabilities have remained relatively low compared to assets, for example, $28,313 in liabilities against $3,150,784 in assets in 2023, indicating a strong financial position and minimal debt burden.
Filing History
IRS 990 filing history for Covenant Soup Kitchen Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Covenant Soup Kitchen Inc's revenue has grown by 138%, moving from $667K to $1.6M. Total assets increased by 355.7% over the same period, from $691K to $3.2M. Total functional expenses rose by 146%, from $525K to $1.3M. In its most recent filing year (2023), Covenant Soup Kitchen Inc reported a surplus of $297K, with revenue exceeding expenses. The organization holds $28K in liabilities against $3.2M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.3M | $3.2M | $28K | — | — |
| 2022 | $1.9M | $1.3M | $2.9M | $57K | — | View 990 |
| 2021 | $1.9M | $1.4M | $2.4M | $91K | — | View 990 |
| 2020 | $1.5M | $1.1M | $1.8M | $31K | — | View 990 |
| 2019 | $1.1M | $886K | $1.4M | $21K | — | View 990 |
| 2018 | $0 | $33K | $1.0M | $99K | — | View 990 |
| 2017 | $1.0M | $1.0M | $1.3M | $373K | — | View 990 |
| 2016 | $1.0M | $931K | $1.0M | $116K | — | View 990 |
| 2015 | $945K | $808K | $933K | $119K | — | View 990 |
| 2014 | $839K | $846K | $810K | $144K | — | View 990 |
| 2013 | $671K | $627K | $736K | $69K | — | View 990 |
| 2012 | $615K | $572K | $707K | $88K | — | View 990 |
| 2011 | $667K | $525K | $691K | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.3M, and assets of $3.2M (revenue -16.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.3M, and assets of $2.9M (revenue +2.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.4M, and assets of $2.4M (revenue +20.3% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.1M, and assets of $1.8M (revenue +42.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $886K, and assets of $1.4M.
- 2018: Revenue of $0, expenses of $33K, and assets of $1.0M (revenue -100.0% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $1.3M (revenue +0.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $931K, and assets of $1.0M (revenue +9.1% year-over-year).
- 2015: Revenue of $945K, expenses of $808K, and assets of $933K (revenue +12.7% year-over-year).
- 2014: Revenue of $839K, expenses of $846K, and assets of $810K (revenue +24.9% year-over-year).
- 2013: Revenue of $671K, expenses of $627K, and assets of $736K (revenue +9.1% year-over-year).
- 2012: Revenue of $615K, expenses of $572K, and assets of $707K (revenue -7.8% year-over-year).
- 2011: Revenue of $667K, expenses of $525K, and assets of $691K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Covenant Soup Kitchen Inc:
Data Sources and Methodology
This transparency report for Covenant 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.