Clothes to Kids Inc

Analysis

Clothes to Kids Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Clothes to Kids Inc reported income of $2.8m and spending of $2.3m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.8m (+47%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clothes to Kids Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Fields Comprehensive Youth Services Inc ($2.8m), Amplifi Dba Imagine Los Angeles Inc and Imagine LA ($2.8m) and Northwest Compass Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $103k (4.5% of expenses). Other salaries and wages came to $422k. At year end it held assets of $2.7m against liabilities of $181k, net assets of $2.5m. It reported 17 employees.