Single Socks INC FY2023 filing

Public charity (501(c)(3)) Silver City, NM Since 2009 EIN 30-0527073
Revenue
$160K
▼ -21%
FY2023 · Pt VIII · Ln 12
Expenses
$166K
▼ -2%
FY2023 · Pt IX · Ln 25
Net assets
$70K
FY2023 · Pt X · Ln 32
To programs
88%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2025
Revenue
$160K
FY2023▼ -21%
Expenses
$166K
FY2023▼ -2%

Provides food assistance to local families facing poverty.

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Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
88% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$100K–1M
↓ -21% vs prior year Details →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Provides food assistance to local families facing poverty.

Founded
2009
Type
Public charity (501(c)(3)) · Nonprofit
Location
Silver City, NM
Filings
6 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs
Operating runway
5.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$71K
FY2023▼ -7%
Total liabilities
$1K
FY2023▼ -4%
Revenue less expensesPt I · Ln 19−$5K
Total assetsPt X · Ln 16$71K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CSingle Socks INC
EINHdr · item D30-0527073
Principal addressHdr · item CSilver City, NM
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2009
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFSep 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Treasurer/Board Member
$2,933Pt VII · Sec A
President/Board Member
$0Pt VII · Sec A
Secretary/Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Kathleen Wigley———$45,009
Julie Abigail Green——$41,871—
Janie Epperson$2,933$3,063——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $146K of program spending, described in the organization's own filed words · FY2023.
01

To support local food impoverished families of grant county, NM

$146Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$158K · 99%
Contributions & grants$1K · 1%
Program service revenue99%$158K
Contributions & grants1%$1K
Investment income$423
Total revenueLn 12$160K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$146K
Management & general12%$20K
Total functional expensesLn 25$166K

Balance Sheet

Part X · end of year
CashLn 1$70K
Total assetsLn 16$71K
Total liabilitiesLn 26$1K
Total net assetsLn 32$70K
Months of cash on handcomputed5.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $71K · Operating expenses/yr $166K
5.2 months
Where the money goes
Program services
Program services $146K · Total expenses $166K
88%
Management & General
Management & general $20K · Total expenses $166K
12%
Fundraising
Fundraising $0 · Total expenses $166K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $21K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1K · Total revenue $160K
0.8%
Government reliance
Government grants — · Total revenue $160K
—
Earned-income share
Program service revenue $158K · Total revenue $160K
99%
Investment reliance
Investment income $423 · Total revenue $160K
+0.3%
Program self-sufficiency
Program service revenue $158K · Total expenses $166K
96%
Growth & trend
Revenue growth (YoY)
This year $160K · Prior year $204K
-21%
Net-asset trend (YoY)
End of year $70K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $160K · Expenses $166K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $71K
—
Net-asset ratio
Net assets $70K · Total assets $71K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $2K · Total assets (Pt X, ln 16) $71K
2%
People & payroll
Highest Reported Total Compensation
Individual Janie Epperson · Reported title TREASURER/BOARD MEMBER · Highest reported compensation $3K · Total expenses $166K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $94K · Total expenses $166K
57%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%——
Overhead ratio 12%——
Fundraising cost ratio 0%——
Revenue growth -21%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $222K · 2022–2025
Aldo Leopold Charter SchoolFY2025$14,875
Supporting People in NeedNM · FY2025$12,500
Silver Consolidated SchoolsFY2025$12,000
Silver City Gospel MissionNM · FY2025$5,000
Supporting People in NeedNM · FY2024$14,875
Silver City Gospel MissionNM · FY2024$14,875
St Vincent De Paul ParishNM · FY2024$8,000
Supporting People in NeedNM · FY2023$8,000
Silver City Gospel MissionNM · FY2023$8,000
St Vincent De Paul ParishNM · FY2023$8,000
Silver City Gospel MissionNM · FY2022$7,000
Supporting People in NeedNM · FY2022$6,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$235K revenue · ⤓ 990 PDF
FY2024$184K revenue · ⤓ 990 PDF
FY2023$160K revenue · viewing · ⤓ 990 PDF
FY2022$204K revenue · ⤓ 990 PDF
FY2021$188K revenue · ⤓ 990 PDF
FY2020$119K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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