The Knitting Connection Inc
Nonprofit profile at a glance
- EIN
- 043521824
- IRS 990-EZ coverage
- 2017–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2015
- Location
- West Medford, MA, USA
- Phone
- 7815397798
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Gift Distribution
Reported finances
- Revenue
- $2,909
- Expenses
- $1,850
- Assets
- $11,184
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- SUE A MANNING (PRESIDENT &)
People named in this filing
- SUE A MANNING (PRESIDENT &)
- JUDY CHENG (TREASURER)
- JANE PARKER (CLERK & DIRE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide knitted clothing, blankets, toys and other goods to disadvantaged individuals.
What it reported doing in 2023
Provided knitted clothing, blankets and toys to disadvantaged individuals.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 82
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.5%; rating input score 60
- Program expense ratio: 95.1%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 36.4%; rating input score 85; 85th percentile among comparable filings
- Total-asset coverage ratio: 6.05; rating input score 86; 86th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -16.8% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: 46.4% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 60.5% of revenue deployed · 95.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2017 to 2023
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.