Katelynns Closet

Analysis

Katelynns Closet is a registered charity in United States, based in South Yarmouth, MA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. 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, Katelynns Closet reported income of $50k and spending of $90k, spending 180% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $68k to $50k (-27%), an average of -27% a year. The sharpest change came in the year to June 2024, when income dropped by 27%. Over the whole period it spent 152% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Katelynns Closet sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 28th percentile within MA. Charities of a similar size with the same main cause include PTA Nevada Congress ($50k), Dave Hefner International Exchange Fund Inc ($50k) and Educational Explorations ($50k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.