Potato Soup Foundation
Potato Soup Foundation maintains strong asset growth and zero liabilities with no officer compensation.
EIN: 203626080 · Bellevue, WA · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $98K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $315,231. |
| Net Assets | $274K |
| Transparency Score | 90/100 |
Is Potato Soup Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Potato Soup Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Potato Soup Foundation
Potato Soup Foundation (EIN: 203626080) is a nonprofit organization based in Bellevue, WA, classified under NTEE code P60. The organization reported total revenue of $124K and total assets of $315K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potato Soup Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potato Soup Foundation is a small 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 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $119K |
| Total Expenses | $98K |
| Surplus / Deficit | +$21K |
| Total Assets | $274K |
| Net Assets | $274K |
| Operating Margin | 17.4% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Potato Soup Foundation reported a surplus of $21K with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Potato Soup Foundation's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.8% | +0.6% | +8.1% |
| 2022 | -55.6% | -65.3% | +10.7% |
| 2021 | +52.1% | +31.8% | -2.7% |
| 2020 | +77.5% | +221.4% | -12.0% |
| 2019 | +18.0% | +86.5% | +15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Potato Soup Foundation with a Mission Score of 90 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, Potato Soup Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $21K, with revenue exceeding expenses.
Executive Compensation Analysis
The Potato Soup Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with current assets of $315,231.
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 Potato Soup Foundation:
- Strong asset growth, from $126,675 in 2014 to $315,231 currently.
- Zero reported liabilities across all 13 filing periods, indicating excellent financial stability.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency and accountability.
- 0% officer compensation reported, maximizing funds for program services.
- Consistent revenue generation, with latest revenue at $123,629.
Frequently Asked Questions about Potato Soup Foundation
Is Potato Soup Foundation a legitimate charity?
Potato Soup Foundation (EIN: 203626080) is a registered tax-exempt nonprofit based in Washington. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $124K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Potato Soup Foundation spend its money?
Potato Soup Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Potato Soup Foundation tax-deductible?
Potato Soup Foundation is registered as a tax-exempt nonprofit (EIN: 203626080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Potato Soup Foundation CEO make?
Potato Soup Foundation's highest-compensated officer earns $315,231. annually. The organization reported $124K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Potato Soup Foundation's spending goes to programs?
Potato Soup Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Potato Soup Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Potato Soup Foundation is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Potato Soup Foundation located?
Potato Soup Foundation is headquartered in Bellevue, Washington and files with the IRS under EIN 203626080. It is classified under NTEE code P60.
How many years of IRS 990 filings does Potato Soup Foundation have?
Potato Soup Foundation 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 $124K in total revenue.
Is Potato Soup Foundation a good charity?
Based on its financial data, the Potato Soup Foundation appears to be a good charity. It has a strong financial position with growing assets ($315,231 currently), no liabilities, and a consistent history of IRS 990 filings. The absence of officer compensation is a significant positive indicator of its commitment to directing funds to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved over time. Assets have grown from $126,675 in 2014 to $315,231 currently. While there were periods of higher expenses exceeding revenue (e.g., 2020-2021), the organization has consistently maintained a positive asset base and zero liabilities, demonstrating resilience and sound management.
What is the Potato Soup Foundation's approach to executive compensation?
The Potato Soup Foundation's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available IRS 990 filings. This suggests that executive leadership is either volunteer-based or compensated through non-officer roles, ensuring more funds are available for programs.
Filing History
IRS 990 filing history for Potato Soup Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Potato Soup Foundation's revenue has grown by 226.6%, moving from $36K to $119K. Total assets increased by 153% over the same period, from $108K to $274K. Total functional expenses rose by 197.4%, from $33K to $98K. In its most recent filing year (2023), Potato Soup Foundation reported a surplus of $21K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $119K | $98K | $274K | $0 | — | View 990 |
| 2022 | $122K | $97K | $254K | $0 | — | View 990 |
| 2021 | $275K | $281K | $229K | $0 | — | View 990 |
| 2020 | $181K | $213K | $236K | $0 | — | View 990 |
| 2019 | $102K | $66K | $268K | $0 | — | View 990 |
| 2018 | $86K | $36K | $232K | $0 | — | View 990 |
| 2017 | $79K | $51K | $182K | $0 | — | View 990 |
| 2016 | $55K | $31K | $153K | $0 | — | View 990 |
| 2015 | $29K | $27K | $129K | $0 | — | View 990 |
| 2014 | $22K | $47K | $127K | $0 | — | View 990 |
| 2013 | $58K | $23K | $152K | $0 | — | View 990 |
| 2012 | $34K | $25K | $117K | $0 | — | View 990 |
| 2011 | $36K | $33K | $108K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $119K, expenses of $98K, and assets of $274K (revenue -2.8% year-over-year).
- 2022: Revenue of $122K, expenses of $97K, and assets of $254K (revenue -55.6% year-over-year).
- 2021: Revenue of $275K, expenses of $281K, and assets of $229K (revenue +52.1% year-over-year).
- 2020: Revenue of $181K, expenses of $213K, and assets of $236K (revenue +77.5% year-over-year).
- 2019: Revenue of $102K, expenses of $66K, and assets of $268K (revenue +18.0% year-over-year).
- 2018: Revenue of $86K, expenses of $36K, and assets of $232K (revenue +8.6% year-over-year).
- 2017: Revenue of $79K, expenses of $51K, and assets of $182K (revenue +43.3% year-over-year).
- 2016: Revenue of $55K, expenses of $31K, and assets of $153K (revenue +92.5% year-over-year).
- 2015: Revenue of $29K, expenses of $27K, and assets of $129K (revenue +32.6% year-over-year).
- 2014: Revenue of $22K, expenses of $47K, and assets of $127K (revenue -62.5% year-over-year).
- 2013: Revenue of $58K, expenses of $23K, and assets of $152K (revenue +72.2% year-over-year).
- 2012: Revenue of $34K, expenses of $25K, and assets of $117K (revenue -7.4% year-over-year).
- 2011: Revenue of $36K, expenses of $33K, and assets of $108K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potato Soup Foundation:
Data Sources and Methodology
This transparency report for Potato Soup Foundation 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.