Knock Knock Give a Sock

Analysis

Knock Knock Give a Sock is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in August 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, Knock Knock Give a Sock reported income of $695k and spending of $680k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $695k (-39%), an average of -12% a year. The sharpest change came in the year to December 2022, when income rose by 140%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knock Knock Give a Sock sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include East Side Child Care Center Inc ($695k), Life Sounds Audiology Inc ($695k) and Wings of Hope Equitherapy ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $123k. At year end it held assets of $299k against liabilities of $0, net assets of $299k. It reported 3 employees.