Sneakers for Soldiers Inc

Analysis

Sneakers for Soldiers Inc is a registered charity in United States, based in Chester SPRGS, PA. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sneakers for Soldiers Inc reported income of $135k and spending of $195k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $506k to $135k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 73%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sneakers for Soldiers Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within PA. Charities of a similar size with the same main cause include Law Enforcement Assistance Fund ($135k), Share the Harvest Foundation Inc ($135k) and A Childs Light ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.