Main Street Closet

Analysis

Main Street Closet is a registered charity in United States, based in Willow Street, PA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Main Street Closet reported income of $1.3m and spending of $1.1m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $830k to $1.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Main Street Closet sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Carolyn Stokes Day Nursery ($1.3m), Lincroft Center for Children-Tlc ($1.3m) and Family Counseling & Childrens Services of Lenawee Co ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $232k. At year end it held assets of $1.9m against liabilities of $257k, net assets of $1.7m. It reported 12 employees.