Clean Socks Hope Inc

Organization Overview

Clean Socks Hope Inc is located in New Albany, IN. The organization was established in 2010. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clean Socks Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Clean Socks Hope Inc generated $355.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.1% each year . All expenses for the organization totaled $233.6k during the year ending 12/2021. While expenses have increased by 23.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CLEAN SOCKS HOPE PARTNERS WITH UNDER-SERVED NEIGHBORHOODS TO PROVIDE INNOVATIVE DEVELOPMENT THAT LEADS TO RESTORATION IN ALL AREAS OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PIZZA MINISTRY: 8TH STREET PIZZA IS A FAST CASUAL HYBRID RESTAURANT AND SOCIAL CAFE WITH A CONSCIENCE. INSTEAD OF PROCEEDS GOING TO AN OWNER OR FIGUREHEAD, OUR PROCEEDS SUPPORT THE UNDERSERVED NEW ALBANY COMMUNITY.


MIDTOWN NEIGHBORHOOD NETWORK IS A PRIMARY WAY IN WHICH WE ANSWER FOOD INSECURITY IS BY EQUIPPING COOPERATIVE MEMBERS TO ACHIEVE FOOD SECURITY. WHILE MEMBERS' LIFE SITUATIONS DIFFER, THEY ALL SHARE ONE EXPERIENCE: AT THE END OF THE MONTH, THEY ARE LOW ON MONEY AND BECAUSE OF THE UNPREDICTABILITY OF FOOD BANK DONATIONS AND SHELTER RESOURCES, THEY DO NOT KNOW WHETHER TO SPEND THEIR LIMITED CASH ON FOOD, RENT, OR UTILITIES.


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Financial Statements

Statement of Revenue
Federated campaigns$25,865
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$25,865
Total Program Service Revenue$329,344
Investment income $25
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $355,234

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Clean Socks Hope Inc has recieved totaling $20,000.

Awarding OrganizationAmount
Community Foundation Of Southern Indiana Inc

New Albany, IN

PURPOSE: COVID-19 RESPONSE GRANT

$10,000
Community Foundation Of Southern Indiana Inc

New Albany, IN

PURPOSE: COVID-19 RESPONSE GRANT

$10,000
View Grant Recipient Profile

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