Teen Closet

Analysis

Teen Closet is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Teen Closet reported income of $666k and spending of $651k, spending 98% of its income. Across the 3 years on record, from October 2021 to October 2023, income grew from $392k to $666k (+70%), an average of +30% a year. The sharpest change came in the year to October 2023, when income rose by 108%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teen Closet sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within WA. Charities of a similar size with the same main cause include Y I E L D Inc ($666k), GPS Ministries Inc ($666k) and The Galway University Foundation ($666k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.