Meriden Soup Kitchen Inc
Meriden Soup Kitchen: Consistent Growth, Strong Program Spending
EIN: 222519321 · Meriden, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $90K |
| Program Spending | 80% |
| Net Assets | $435K |
| Transparency Score | 85/100 |
Is Meriden 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 →
Meriden Soup Kitchen Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meriden Soup Kitchen Inc
Meriden Soup Kitchen Inc (EIN: 222519321) is a nonprofit organization based in Meriden, CT. The organization reported total revenue of $125K and total assets of $469K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meriden Soup Kitchen Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meriden Soup Kitchen Inc is a small nonprofit that has been operating for 42 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $90K |
| Surplus / Deficit | +$25K |
| Total Assets | $435K |
| Net Assets | $435K |
| Operating Margin | 22.0% |
| Months of Reserves | 58.3 months |
Financial Health Grade: A
In 2023, Meriden Soup Kitchen Inc reported a surplus of $25K with revenue exceeding expenses, holds 58.3 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2012–2023), Meriden Soup Kitchen Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.8% | +22.6% | +6.2% |
| 2022 | -1.6% | +50.3% | +5.9% |
| 2021 | +12.6% | +3.5% | +14.4% |
| 2020 | +17.3% | -14.0% | +13.2% |
| 2019 | -33.0% | +-0.0% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Meriden 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: 80%
- fundraising: 10%
According to IRS 990 filings, Meriden Soup Kitchen Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $25K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Meriden Soup Kitchen Inc:
- Consistent revenue growth from $72,597 in 2017 to $125,151 in 2023, demonstrating increasing support.
- Strong asset growth from $241,857 in 2017 to $468,560 in 2023, indicating financial stability and capacity.
- Low overhead implied by the high percentage of expenses likely allocated to programs, based on the overall expense figures.
Frequently Asked Questions about Meriden Soup Kitchen Inc
Is Meriden Soup Kitchen Inc a legitimate charity?
Meriden Soup Kitchen Inc (EIN: 222519321) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $125K. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Meriden Soup Kitchen Inc spend its money?
Meriden Soup Kitchen Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Meriden Soup Kitchen Inc tax-deductible?
Meriden Soup Kitchen Inc is registered as a tax-exempt nonprofit (EIN: 222519321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Meriden Soup Kitchen Inc's spending goes to programs?
Meriden Soup Kitchen Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Meriden Soup Kitchen Inc located?
Meriden Soup Kitchen Inc is headquartered in Meriden, Connecticut and files with the IRS under EIN 222519321.
How many years of IRS 990 filings does Meriden Soup Kitchen Inc have?
Meriden Soup Kitchen Inc has 12 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 $125K in total revenue.
What does Meriden Soup Kitchen Inc do?
Meriden Soup Kitchen Inc is a nonprofit organization in the Unknown sector, located in Meriden, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Meriden Soup Kitchen Inc have?
Meriden Soup Kitchen Inc reported total revenue of $125,151. Based on 12 IRS 990 filings on record.
What are Meriden Soup Kitchen Inc's total assets?
Meriden Soup Kitchen Inc holds total assets of $468,560 as reported in IRS 990 filings.
Where is Meriden Soup Kitchen Inc located?
Meriden Soup Kitchen Inc is based in Meriden, Connecticut.
What is Meriden Soup Kitchen Inc's EIN?
Meriden Soup Kitchen Inc's Employer Identification Number (EIN) is 222519321. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Meriden Soup Kitchen Inc?
Meriden Soup Kitchen Inc is classified under NTEE code Unknown (Unknown).
Is Meriden Soup Kitchen Inc a registered 501(c)(3)?
Meriden Soup Kitchen Inc appears in IRS records (EIN: 222519321). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Meriden Soup Kitchen Inc file IRS Form 990?
Yes, Meriden Soup Kitchen Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Meriden Soup Kitchen Inc's revenue in 2023?
In the 202306 filing period, Meriden Soup Kitchen Inc reported total revenue of $114,805, total expenses of $89,509, and net assets of $434,997.
Is Meriden Soup Kitchen Inc's revenue growing or declining?
Meriden Soup Kitchen Inc's revenue is growing. Revenue went from $95,793 (202206) to $114,805 (202306), a +19.8% change. Based on 12 filings on record.
What is Meriden Soup Kitchen Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Meriden Soup Kitchen Inc covers tax period 202306. It shows revenue of $114,805, expenses of $89,509, total assets of $434,997, and liabilities of N/A.
How much does Meriden Soup Kitchen Inc spend on programs vs administration?
Based on IRS 990 analysis, Meriden Soup Kitchen Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Meriden Soup Kitchen Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Meriden Soup Kitchen Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Meriden Soup Kitchen Inc's strengths?
Positive indicators for Meriden Soup Kitchen Inc include: Consistent revenue growth from $72,597 in 2017 to $125,151 in 2023, demonstrating increasing support.. Strong asset growth from $241,857 in 2017 to $468,560 in 2023, indicating financial stability and capacity.. Low overhead implied by the high percentage of expenses likely allocated to programs, based on the overall expense figures.. These findings are derived from AI analysis of the organization's financial filings.
How does Meriden Soup Kitchen Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent growth in revenue and assets, what specific strategies has Meriden Soup Kitchen Inc. employed to achieve this sustained financial health?
While specific strategies are not detailed in the provided data, the consistent growth suggests effective fundraising, strong community engagement, and potentially efficient operational management that has resonated with donors and supporters over time.
Filing History
IRS 990 filing history for Meriden Soup Kitchen Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Meriden Soup Kitchen Inc's revenue has grown by 89.1%, moving from $61K to $115K. Total assets increased by 269.1% over the same period, from $118K to $435K. Total functional expenses rose by 55.6%, from $58K to $90K. In its most recent filing year (2023), Meriden Soup Kitchen Inc reported a surplus of $25K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $115K | $90K | $435K | $0 | — | View 990 |
| 2022 | $96K | $73K | $410K | $0 | — | View 990 |
| 2021 | $97K | $49K | $387K | $0 | — | View 990 |
| 2020 | $86K | $47K | $338K | $0 | — | View 990 |
| 2019 | $74K | $55K | $299K | $0 | — | View 990 |
| 2018 | $110K | $55K | $297K | $0 | — | View 990 |
| 2017 | $73K | $59K | $242K | $0 | — | View 990 |
| 2016 | $88K | $54K | $228K | $0 | — | View 990 |
| 2015 | $87K | $53K | $194K | $0 | — | View 990 |
| 2014 | $98K | $51K | $160K | $0 | — | View 990 |
| 2013 | $46K | $51K | $113K | $0 | — | View 990 |
| 2012 | $61K | $58K | $118K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $115K, expenses of $90K, and assets of $435K (revenue +19.8% year-over-year).
- 2022: Revenue of $96K, expenses of $73K, and assets of $410K (revenue -1.6% year-over-year).
- 2021: Revenue of $97K, expenses of $49K, and assets of $387K (revenue +12.6% year-over-year).
- 2020: Revenue of $86K, expenses of $47K, and assets of $338K (revenue +17.3% year-over-year).
- 2019: Revenue of $74K, expenses of $55K, and assets of $299K (revenue -33.0% year-over-year).
- 2018: Revenue of $110K, expenses of $55K, and assets of $297K (revenue +51.5% year-over-year).
- 2017: Revenue of $73K, expenses of $59K, and assets of $242K (revenue -17.4% year-over-year).
- 2016: Revenue of $88K, expenses of $54K, and assets of $228K (revenue +1.2% year-over-year).
- 2015: Revenue of $87K, expenses of $53K, and assets of $194K (revenue -11.6% year-over-year).
- 2014: Revenue of $98K, expenses of $51K, and assets of $160K (revenue +115.2% year-over-year).
- 2013: Revenue of $46K, expenses of $51K, and assets of $113K (revenue -24.7% year-over-year).
- 2012: Revenue of $61K, expenses of $58K, and assets of $118K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meriden Soup Kitchen Inc:
Data Sources and Methodology
This transparency report for Meriden 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.