Clothes to Kids of Denver

Analysis

Clothes to Kids of Denver is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 2008, 18 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 of Denver reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Clothes to Kids of Denver sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Interact Center for the Visual and Performing Arts ($2.0m), Methodist Childrens Home Society Supporting Organization ($2.0m) and Thrive International ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $101k (5.1% of expenses). Other salaries and wages came to $286k. At year end it held assets of $1.1m against liabilities of $119k, net assets of $1.0m. It reported 9 employees.