Uniquely Knitted Inc

Analysis

Uniquely Knitted Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in December 2019, 7 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 June 2023, Uniquely Knitted Inc reported income of $346k and spending of $207k, leaving 40% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $326k to $346k (+6.3%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 211%. 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, Uniquely Knitted 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 66th percentile within CA. Charities of a similar size with the same main cause include Down Syndrome Association of Pittsburgh ($346k), Seven Sisters International ($346k) and A Touch From Above LSM Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $153k (74% of expenses). At year end it held assets of $159k against liabilities of $0, net assets of $159k. It reported 2 employees.