Shepherds Closet Inc

Analysis

Shepherds Closet Inc is a registered charity in United States, based in Gibson City, IL. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Shepherds Closet Inc reported income of $184k and spending of $187k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $184k (+11%), an average of +11% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Shepherds Closet Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Mental Health Family Mission ($184k), Calvary International Development Ministries Inc ($184k) and Exodus Ministries ($184k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% of the total. At year end it held assets of $257k against liabilities of $0, net assets of $257k.