Downtown Evening Soup Kitchen Inc
Downtown Evening Soup Kitchen: Strong Growth, Prudent Spending
EIN: 222985448 · New Haven, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $1.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $2.0M |
| Transparency Score | 85/100 |
Is Downtown Evening Soup Kitchen Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Downtown Evening Soup Kitchen Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Downtown Evening Soup Kitchen Inc
Downtown Evening Soup Kitchen Inc (EIN: 222985448) is a nonprofit organization based in New Haven, CT. The organization reported total revenue of $3.5M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Downtown Evening Soup Kitchen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Downtown Evening Soup Kitchen Inc is a mid-size nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$344K |
| Total Assets | $2.7M |
| Total Liabilities | $730K |
| Net Assets | $2.0M |
| Operating Margin | 22.5% |
| Debt-to-Asset Ratio | 26.6% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2023, Downtown Evening Soup Kitchen Inc reported a surplus of $344K with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position), has a debt-to-asset ratio of 26.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Downtown Evening Soup Kitchen Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.8% | +23.4% | +18.2% |
| 2022 | -3.1% | +35.9% | +20.6% |
| 2021 | +68.6% | +32.4% | +192.6% |
| 2020 | +68.9% | +41.1% | +86.2% |
| 2019 | +19.6% | +25.6% | +39.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Downtown Evening 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Downtown Evening Soup Kitchen Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $344K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.6%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and impact, with no individual compensation exceeding $100,000 in recent filings.
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.
Strengths
The following positive indicators were identified for Downtown Evening Soup Kitchen Inc:
- Consistent revenue growth over the past several years, indicating strong donor support and effective fundraising.
- Healthy asset growth, from $155,247 in 2017 to $6,440,227 in 2023, demonstrating financial stability and capacity for future expansion.
- Low liability-to-asset ratio, suggesting sound financial management and minimal debt burden.
Frequently Asked Questions about Downtown Evening Soup Kitchen Inc
Is Downtown Evening Soup Kitchen Inc a legitimate charity?
Downtown Evening Soup Kitchen Inc (EIN: 222985448) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Downtown Evening Soup Kitchen Inc spend its money?
Downtown Evening Soup Kitchen Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Downtown Evening Soup Kitchen Inc tax-deductible?
Downtown Evening Soup Kitchen Inc is registered as a tax-exempt nonprofit (EIN: 222985448). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Downtown Evening Soup Kitchen Inc CEO make?
Downtown Evening Soup Kitchen Inc's highest-compensated officer earns $100,000 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Downtown Evening Soup Kitchen Inc's spending goes to programs?
Downtown Evening Soup Kitchen Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Downtown Evening Soup Kitchen Inc located?
Downtown Evening Soup Kitchen Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 222985448.
How many years of IRS 990 filings does Downtown Evening Soup Kitchen Inc have?
Downtown Evening 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 $3.5M in total revenue.
What does Downtown Evening Soup Kitchen Inc do?
Downtown Evening Soup Kitchen Inc is a nonprofit organization in the Unknown sector, located in New Haven, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Downtown Evening Soup Kitchen Inc have?
Downtown Evening Soup Kitchen Inc reported total revenue of $3,534,614. Based on 14 IRS 990 filings on record.
What are Downtown Evening Soup Kitchen Inc's total assets?
Downtown Evening Soup Kitchen Inc holds total assets of $6,440,227 as reported in IRS 990 filings.
Where is Downtown Evening Soup Kitchen Inc located?
Downtown Evening Soup Kitchen Inc is based in New Haven, Connecticut.
What is Downtown Evening Soup Kitchen Inc's EIN?
Downtown Evening Soup Kitchen Inc's Employer Identification Number (EIN) is 222985448. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Downtown Evening Soup Kitchen Inc?
Downtown Evening Soup Kitchen Inc is classified under NTEE code Unknown (Unknown).
Is Downtown Evening Soup Kitchen Inc a registered 501(c)(3)?
Downtown Evening Soup Kitchen Inc appears in IRS records (EIN: 222985448). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Downtown Evening Soup Kitchen Inc file IRS Form 990?
Yes, Downtown Evening Soup Kitchen Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Downtown Evening Soup Kitchen Inc's revenue in 2023?
In the 202306 filing period, Downtown Evening Soup Kitchen Inc reported total revenue of $1,529,224, total expenses of $1,185,701, and net assets of $2,741,202.
Is Downtown Evening Soup Kitchen Inc's revenue growing or declining?
Downtown Evening Soup Kitchen Inc's revenue is growing. Revenue went from $1,320,959 (202206) to $1,529,224 (202306), a +15.8% change. Based on 14 filings on record.
What is Downtown Evening Soup Kitchen Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Downtown Evening Soup Kitchen Inc covers tax period 202306. It shows revenue of $1,529,224, expenses of $1,185,701, total assets of $2,741,202, and liabilities of $729,695.
How much does Downtown Evening Soup Kitchen Inc spend on programs vs administration?
Based on IRS 990 analysis, Downtown Evening Soup Kitchen Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Downtown Evening Soup Kitchen Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Downtown Evening Soup Kitchen Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Downtown Evening Soup Kitchen Inc's strengths?
Positive indicators for Downtown Evening Soup Kitchen Inc include: Consistent revenue growth over the past several years, indicating strong donor support and effective fundraising.. Healthy asset growth, from $155,247 in 2017 to $6,440,227 in 2023, demonstrating financial stability and capacity for future expansion.. Low liability-to-asset ratio, suggesting sound financial management and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Downtown Evening Soup Kitchen Inc compensate executives?
Executive compensation appears reasonable given the organization's size and impact, with no individual compensation exceeding $100,000 in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Downtown Evening Soup Kitchen managed to achieve such significant asset growth while maintaining a low liability profile?
The organization has consistently generated surpluses, with revenue significantly outpacing expenses in most years, allowing for reinvestment and asset accumulation without incurring substantial debt. For example, in 2023, revenue was $1,529,224 against expenses of $1,185,701.
What specific strategies contribute to their sustained revenue growth, particularly the jump from $478,613 in 2019 to $1,529,224 in 2023?
While specific strategies aren't detailed in the provided data, the substantial increase suggests successful fundraising campaigns, potentially increased grant funding, and growing community support, especially during and after the pandemic, when demand for their services likely increased.
Filing History
IRS 990 filing history for Downtown Evening Soup Kitchen Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Downtown Evening Soup Kitchen Inc's revenue has grown by 559.4%, moving from $232K to $1.5M. Total assets increased by 2736% over the same period, from $97K to $2.7M. Total functional expenses rose by 474.2%, from $207K to $1.2M. In its most recent filing year (2023), Downtown Evening Soup Kitchen Inc reported a surplus of $344K, with revenue exceeding expenses. The organization holds $730K in liabilities against $2.7M in assets (debt-to-asset ratio: 26.6%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.2M | $2.7M | $730K | — | View 990 |
| 2022 | $1.3M | $961K | $2.3M | $652K | — | View 990 |
| 2021 | $1.4M | $707K | $1.9M | $640K | — | View 990 |
| 2020 | $809K | $534K | $657K | $29K | — | View 990 |
| 2019 | $479K | $379K | $353K | $389 | — | View 990 |
| 2018 | $400K | $302K | $254K | $773 | — | View 990 |
| 2017 | $100K | $77K | $155K | $997 | — | View 990 |
| 2016 | $172K | $144K | $131K | $17 | — | View 990 |
| 2015 | $195K | $172K | $103K | $3 | — | View 990 |
| 2014 | $203K | $238K | $80K | $0 | — | View 990 |
| 2013 | $188K | $230K | $116K | $51 | — | View 990 |
| 2012 | $244K | $220K | $157K | $0 | — | View 990 |
| 2011 | $235K | $199K | $133K | $0 | — | View 990 |
| 2010 | $232K | $207K | $97K | $234 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.2M, and assets of $2.7M (revenue +15.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $961K, and assets of $2.3M (revenue -3.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $707K, and assets of $1.9M (revenue +68.6% year-over-year).
- 2020: Revenue of $809K, expenses of $534K, and assets of $657K (revenue +68.9% year-over-year).
- 2019: Revenue of $479K, expenses of $379K, and assets of $353K (revenue +19.6% year-over-year).
- 2018: Revenue of $400K, expenses of $302K, and assets of $254K (revenue +299.2% year-over-year).
- 2017: Revenue of $100K, expenses of $77K, and assets of $155K (revenue -41.6% year-over-year).
- 2016: Revenue of $172K, expenses of $144K, and assets of $131K (revenue -12.0% year-over-year).
- 2015: Revenue of $195K, expenses of $172K, and assets of $103K (revenue -3.8% year-over-year).
- 2014: Revenue of $203K, expenses of $238K, and assets of $80K (revenue +7.6% year-over-year).
- 2013: Revenue of $188K, expenses of $230K, and assets of $116K (revenue -22.8% year-over-year).
- 2012: Revenue of $244K, expenses of $220K, and assets of $157K (revenue +3.6% year-over-year).
- 2011: Revenue of $235K, expenses of $199K, and assets of $133K (revenue +1.5% year-over-year).
- 2010: Revenue of $232K, expenses of $207K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Downtown Evening Soup Kitchen Inc:
Data Sources and Methodology
This transparency report for Downtown Evening 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.