Sole Loved Shoes Inc

Analysis

Sole Loved Shoes Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in August 2017, 9 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, Sole Loved Shoes Inc reported income of $111k and spending of $60k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $111k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sole Loved Shoes Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include Golden Valley Door of Hope ($111k), Methow Valley Riding Unlimited ($111k) and Connecticut Counseling Centers Fund Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $76k against liabilities of $401, net assets of $76k.