Clothes Helping Kids Inc

Analysis

Clothes Helping Kids Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, Clothes Helping Kids Inc reported income of $515k and spending of $560k, spending 109% of what it took in. Across the 5 years on record, from September 2020 to September 2024, income fell from $607k to $515k (-15%), an average of -4.0% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Clothes Helping Kids Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within NM. Charities of a similar size with the same main cause include Academic Freedom Alliance Inc ($515k), Missouri Association of Rural Education ($515k) and Wallingford Community Senior Center ($514k).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $73k (13% of expenses). Other salaries and wages came to $141k. At year end it held assets of $444k against liabilities of $99k, net assets of $345k. It reported 10 employees.