Kids Closet of Duluth

Analysis

Kids Closet of Duluth is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in March 2005, 21 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 June 2024, Kids Closet of Duluth reported income of $69k and spending of $79k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $87k to $69k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kids Closet of Duluth sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MN. Charities of a similar size with the same main cause include Consignment Shop for Womens Crisis Services ($69k), Strength & Honor Motorcycle Club of Virginia Inc ($69k) and Bay Area Law Enforcement Assistance Fund Inc ($69k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $11k. At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 1 employees.