Sofas for Service Inc

Analysis

Sofas for Service Inc is a registered charity in United States, based in Altoona, WI. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Sofas for Service Inc reported income of $77k and spending of $71k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $77k (+5.5%), an average of +5.5% a year. Over the whole period it spent 123% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sofas for Service Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include Boy Scouts of America ($77k), PTA Colorado Congress ($77k) and Sunrise Program Parent Preschool for Gifted and Talented Children ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.