Kenzies Closet

Analysis

Kenzies Closet is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in November 2006, 20 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 2022, Kenzies Closet reported income of $654k and spending of $194k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2019 to December 2022, income grew from $237k to $654k (+176%), an average of +176% a year. The sharpest change came in the year to December 2022, when income rose by 176%. Over the whole period it spent 44% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kenzies Closet sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within OH. Charities of a similar size with the same main cause include Tuckers House ($654k), Rise of a Fallen Angel Inc ($655k) and Mended Hearts Stable ($654k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $49k (25% of expenses). Other salaries and wages came to $23k. At year end it held assets of $590k against liabilities of $0, net assets of $590k. It reported 3 employees.