Sox Place Inc

Analysis

Sox Place Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2008, 18 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, Sox Place Inc reported income of $336k and spending of $433k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $336k (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sox Place Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within CO. Charities of a similar size with the same main cause include Rail Yards Market ($336k), Angel Assisted Living Services ($336k) and Payette Land Trust Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $78k (18% of expenses). Other salaries and wages came to $118k. At year end it held assets of $270k against liabilities of $25k, net assets of $245k. It reported 6 employees.