Shoes and Clothes for Kids Inc

Analysis

Shoes and Clothes for Kids Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1987, 39 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, Shoes and Clothes for Kids Inc reported income of $3.9m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.9m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shoes and Clothes for Kids Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Table Ministries Inc ($3.9m), Community Against Violence Inc ($3.9m) and Exceptional Enterprises Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $126k (3.3% of expenses). Other salaries and wages came to $403k. At year end it held assets of $4.7m against liabilities of $898k, net assets of $3.8m. It reported 16 employees.