Bounty & Soul is a 501(c)(3) organization based in Black Mtn, North Carolina, registered in 2014, with $7,489,062 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$7.5M
▲ 72.2% vs prior year
Food & Agriculture median: $197K
Expenses (FY2024)
$5.3M
Net assets
$3.6M
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Bounty & Soul— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bounty & Soul: 8 mo reserves · +29% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Bounty & Soul— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bounty & Soul: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $1.9M (FY2019) to $7.5M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
29.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.1M
Total liabilities
$499K
Net assets
$3.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,489,062▲72.2% | $5,289,821▲35.7% | $3,636,040▲153% | $4,134,588▲159% | 990 |
| 2023 | $4,348,368▲37.2% | $3,897,718▲33.6% | $1,436,799▲45.7% | $1,595,566▲37.2% | 990 |
| 2022 | $3,169,324▲24.8% | $2,917,645▲23.1% | $986,149▲34.3% | $1,163,037▲53.1% | 990 |
| 2021 | $2,538,834▼11.0% | $2,370,892▼2.1% | $734,470▲29.6% | $759,613▲30.3% | 990 |
| 2020 | $2,853,459▲52.6% | $2,422,135▲33.0% | $566,528▲319% | $582,904▲310% | 990 |
| 2019 | $1,870,131 | $1,821,649 | $135,204 | $142,148 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
46 grants to Bounty & Soul totaling $4.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Manna Food Bank | — | 2024 | $919,996 |
| The Golden L E A F Long-term Economic Advancement Foundation In | Food distribution assistance program | 2024 | $198,579 |
| The Community Foundation of Western North Carolina Inc | Assisting people in need | 2024 | $57,900 |
| Manna Food Bank | Farmer mkt support | 2024 | $50,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| American Endowment Foundation | General operating support | 2024 | $25,000 |
| Brothers Brother Foundation | Grant for hurricane relief | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $11,763 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $10,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $10,000 |
| Impactassets Inc | General support | 2024 | $10,000 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $6,200 |
| Manna Food Bank | — | 2023 | $1,901,617 |
| The Golden L E A F Long-term Economic Advancement Foundation In | See part iv | 2023 | $39,201 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $23,442 |
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Data for Bounty & Soul (EIN 46-4759362) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.