The Marion Clothing Closet Inc
- Assets
- $79.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, SC
- Founding
- 03/1985
- Data as of
- 12/2022
- EIN
- 57-0786089
Organization Overview
The Marion Clothing Closet Inc is located in Marion, SC. The organization was established in 1985. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, 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. Marion Clothing 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, Marion Clothing Closet Inc generated $45.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $46.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 7 years. 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
GAVE AWAY FREE CLOTHING TO NEEDY PEOPLE IN 2022 FOR $5591
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Collins Director | 1 | $0 | |
Pat Koch President | 5 | $0 | |
Betsy Roberts Treasurer | 5 | $0 | |
Sandra Dean Director | 1 | $0 | |
Odessa Gregg Director | 1 | $0 | |
Heather Cabaniss Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,764 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $45,764 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,570 |
| Professional fees and other payments to independent contractors | $450 |
| Occupancy, rent, utilities, and maintenance | $19,240 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,989 |
| Total expenses | $46,249 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,917 |
| Other assets | $0 |
| Total assets | $79,298 |
| Total liabilities | $719 |
| Net assets or fund balances | $78,579 |