Our Sisters Closet Inc

Analysis

Our Sisters Closet Inc is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Sisters Closet Inc reported income of $99k and spending of $63k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $99k (+17%), an average of +4.1% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Sisters Closet Inc 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 35th percentile within AL. Charities of a similar size with the same main cause include Camp Hero Inc ($99k), Soulside Healing Arts ($99k) and Love Purse Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. Compensation of current officers, directors and key employees was $36k (57% of expenses). At year end it held assets of $238k against liabilities of $1,270, net assets of $237k. It reported 1 employees.