Clothes Closet Inc
- Assets
- $302.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Lake Havasu City, AZ
- Founding
- 12/2014
- Data as of
- 12/2022
- EIN
- 47-1546359
Organization Overview
Clothes Closet Inc is located in Lake Havasu City, AZ. The organization was established in 2014. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothes Closet 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 12/2022, Clothes Closet Inc generated $99.3k in total revenue. All expenses for the organization totaled $63.3k during the year ending 12/2022. While expenses have increased by 123.5% per year over the past 6 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
COLLECTION AND DISTRIBUTION OF DONATED CLOTHES AND ACCESSORIES TO THOSE IN NEED.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,029 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,275 |
| Other Revenue | $0 |
| Total Revenue | $99,304 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,734 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $227 |
| Printing, publications, postage, and shipping | $348 |
| Other expenses | $32,986 |
| Total expenses | $63,295 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,816 |
| Other assets | $0 |
| Total assets | $302,192 |
| Total liabilities | $326 |
| Net assets or fund balances | $301,866 |