Pinksocks Life Inc

Analysis

Pinksocks Life Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in August 2020, 6 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 (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, Pinksocks Life Inc reported income of $90k and spending of $98k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $144k to $90k (-37%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 37%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Pinksocks Life Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OR. Charities of a similar size with the same main cause include Friends Of@happily Ever Esther Farm Sanctuary ($90k), Edward Taylor Coombs Foundation ($90k) and Seattle Childrens Theatre Foundation ($90k).

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 $85k against liabilities of $20k, net assets of $65k.