Gotta Have Sole Foundation Inc

Analysis

Gotta Have Sole Foundation Inc is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in August 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 June 2024, Gotta Have Sole Foundation Inc reported income of $148k and spending of $85k, leaving 43% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $102k to $148k (+45%), an average of +44% a year. The sharpest change came in the year to June 2024, when income rose by 45%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gotta Have Sole Foundation Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 43rd percentile within RI. Charities of a similar size with the same main cause include Capper Community Living II Inc ($148k), People Helping People Inc ($148k) and Casa of the 16th Judicial District ($148k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $305k against liabilities of $492, net assets of $304k.