Princeton Closet

Analysis

Princeton Closet is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in May 2017, 9 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, Princeton Closet reported income of $97k and spending of $93k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $97k (+10%), an average of +10% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Princeton Closet sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Community Mission Center ($97k), Junior Auxillary of Desoto County ($97k) and Rise Concept ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,110 against liabilities of $0, net assets of $5,110.