Homestead Soup Kitchen Inc.

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501(c)(3) organization

Donations are tax-deductible

homesteadsoupkitchen.com

PO BOX 901180
Homestead FL 33090-1180

Homestead FL | IRS ruling year: 1984 | EIN: 59-2381939

Public soup kitchen for the individuals and families in need.

Rating Information

Great

This charity's score is 100%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.

This overall score is calculated from multiple beacon scores: 40% Accountability & Finance, 60% Impact & Results. Learn more about our criteria and methodology.

Beacon Weights

We recognize that not all metrics and beacons equally predict a charity’s success. The percentage each beacon contributes to the organization’s overall rating depends on the number of beacons an organization has earned.

Use the tool below to select different beacons to see how the weighting shifts when only one, two, or three beacons are earned.

Impact & Results
Accountability & Finance
Leadership & Adaptability
Culture & Community

Historical Ratings

Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!

Important note on the timeliness of ratings

The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Accountability & Finance score for Homestead Soup Kitchen Inc. is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.

Rating Report

Impact & Results
Accountability & Finance
Culture & Community
Leadership & Adaptability

Impact & Results

Impact & ResultsAccountability & FinanceCulture & CommunityLeadership & Adaptability

Accountability & Finance

Homestead Soup Kitchen Inc. has earned a 100% for the Accountability & Finance beacon. See the metrics below for more information.

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

This Accountability & Finance score represents IRS Form 990 data up until FY 2020, which is the most recent Form 990 currently available to us.

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Accountability and Transparency

Full Credit

Partial Credit

No Credit

Not Applicable

Board Composition - 9/9 - 35/35 pts

Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent (not salaried).

The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.

Source: IRS Form 990

Independent Audit or Financial Review - N/A - 0/0 pts

An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:

Total Revenue Amount	Expectation to Receive Credit
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Source: IRS Form 990

Conflict of Interest Policy - Listed - 5/5 pts

Charity Navigator looks for the existence of a conflict of interest policy on the Form 990 as an accountability and transparency measure.

This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.

Source: IRS Form 990

Board Meeting Minutes - Documented - 5/5 pts

Charity Navigator looks to confirm on the Form 990 that the organization has this process in place as an accountability and transparency measure.

An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.

Source: IRS Form 990

Document Retention and Destruction - Listed - 5/5 pts

Charity Navigator looks for the existence of a document retention and destruction policy per the Form 990 as an accountability and transparency measure.

This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.

Source: IRS Form 990

Whistleblower Policy - Listed - 5/5 pts

Charity Navigator looks for the existence of a whistleblower policy per the Form 990 as an accountability and transparency measure.

This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.

Source: IRS Form 990

Website - Listed - 5/5 pts

Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric.

Nonprofits act in the public trust and reporting publicly on activities is an important component.

Source: IRS Form 990

Financial Metrics

Full Credit

Partial Credit

No Credit

Not Applicable

Liabilities to Assets Ratio - 0.00% - 15/15 pts

The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). This ratio is an indicator of an organization’s solvency and/or long-term sustainability.

Liabilities to Assets Ratio	Amount of Credit Received
Less than 50%	Full Credit
50% - 59.9%	Partial Credit
60% or more	No Credit

Source: IRS Form 990

Program Expense Ratio - 95.71% - 25/25 pts

The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.

Program Expense Percentage	Amount of Credit Received
70% or higher	Full Credit
60% - 69.9%	Partial Credit
50% - 59.9%	Zero Points for Program Expense Score
Below 50%	Zero Points for Both Program Expense AND Liabilities to Assets Scores

Source: IRS Form 990

Unscored Information

Total Revenue and Expenses - Data Available

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons - No Data Available

No Data Available

Key Persons data is currently unavailable for this organization. This data is only available if this charity has at least one year of electronically-filed Form 990 data filed within the last six years.

IRS Published Data (Business Master File) - Data Available

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website

Activities:

Unspecified (BMF activity code: 998)

Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)

Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources (IRS Forms 990) - Data Available

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (Homestead Soup Kitchen Inc.) or EIN (592381939) in the 'Search Term' field.

Impact & Results

Homestead Soup Kitchen Inc. has earned a 100% for the Impact & Results beacon. See the metrics below for more information.

This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.

Learn more

Metrics

Full Credit

Partial Credit

No Credit

Not Applicable

Rated Program

Program

Soup Kitchen

Activities

Homestead Soup Kitchen prepares and serves meals to beneficiaries.

Program Type

Food Distribution

Beneficiaries Served

People living in poverty

Program Geography

Homestead, FL

Time Period of Data

1/1/2016 to 12/31/2016

Outcomes and Cost

Outcomes: Changes in the lives of those served by a nonprofit. They can be caused by the nonprofit.

Costs: The money spent by a nonprofit and its partners and beneficiaries.

Impact: Outcome caused by a nonprofit relative to its cost.

Cost-effectiveness: A judgment as to whether the cost was a good use of resources to cause the outcome.

Outcome Metric

A meal provided to a person in need

Outcome Data Source

Ratings are based on data the nonprofit itself collects on its work. We use the most recent year with sufficient data. Typically, this data allows us to calculate direct changes in participants' lives, such as increased income.

Method for Attributing Outcomes

We don't know if the observed changes were caused by the nonprofit's program or something else happening at the same time (e.g., a participant got a raise). To determine causation, we take the outcomes we observe and subtract an estimate of the outcomes that would have happened even without the program (i.e., counterfactual outcomes).

We assume that the distribution of a meal from one nonprofit's food distribution program does not diminish the amount of food distributed by any other (neighboring) food distribution program. This “counterfactual” assumption about the amount of food distributed in the absence of Homestead Soup Kitchen’s food distribution program implies that the benefit of a meal to a beneficiary in need constitutes a net gain; the gain is not offset by reductions in food provided to other beneficiaries in need. We therefore set the counterfactual to zero.

Cost Data Source

After estimating the program's outcomes, we need to determine how much it cost to achieve those outcomes. All monetary costs are counted, whether they are borne by a nonprofit service deliverer or by the nonprofit’s public and private partners.

Cost Calculation

$31,553 program costs + $7,416 partner costs + $0 beneficiary costs = $38,968 total costs

Impact and Determination

We calculate impact, defined as the change in outcomes attributable to a program divided by the cost to achieve those outcomes.

Impact Calculation

$38,968 total costs / 42,146 meals provided = roughly $0.90 provides a meal to a person in need.

Benchmark for Rating

Impact & Results scores of food distribution programs are based on the cost of a meal relative to the cost that a food-secure person incurs to buy a meal in that county. Programs receive an Impact & Results score of 100 if they are less than 75% the cost of a meal and a score of 80 if they are less than 125%. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 65.

Determination

Highly cost-effective

Unscored Information

Largest Programs

Homestead Soup Kitchen Inc. reported its largest program on its FY 2020 Form 990 as:

$59,352

Spent in most recent FY

100%

Percent of program expenses

Public soup kitchen for indigent poor.

Culture & Community

Homestead Soup Kitchen Inc. cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

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Leadership & Adaptability

Homestead Soup Kitchen Inc. cannot currently be evaluated by our Leadership & Adaptability methodology because we have not received data from the charity regarding its leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

Learn More

100%