Moms Closet Resource Center Inc

Analysis

Moms Closet Resource Center Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 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 (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, Moms Closet Resource Center Inc reported income of $680k and spending of $648k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $680k (+116%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moms Closet Resource Center Inc 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 75th percentile, and in the 75th percentile within KY. Charities of a similar size with the same main cause include Community Against Substance Abuseinc ($680k), Kershaw County Council on Aging Inc ($680k) and Agape Community Services Inc ($680k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $64k (9.9% of expenses). Other salaries and wages came to $116k. At year end it held assets of $184k against liabilities of $19k, net assets of $165k. It reported 9 employees.