Sock It to Em Sock Campaign

Analysis

Sock It to Em Sock Campaign is a registered charity in United States, based in HGHLNDS Ranch, CO. It received its IRS tax-exemption ruling in July 2015, 11 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 2023, Sock It to Em Sock Campaign reported income of $2.4m and spending of $65k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+101%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 333%. Over the whole period it spent 3.9% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sock It to Em Sock Campaign sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Liberty Ridge Senior Living Inc ($2.4m), Urban Recipe Inc ($2.4m) and YWCA of Greater Flint ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $820 in professional fundraising fees. At year end it held assets of $69k against liabilities of $46k, net assets of $23k.