Joy of Sox

Analysis

Joy of Sox is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Joy of Sox reported income of $140k and spending of $136k, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $102k to $140k (+37%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Joy of Sox sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Lyon Park Community Center ($140k), Rio Grande Valley-Families & Friends of Murdered Children Inc ($140k) and Kids Rein ($140k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.