Iowa Mennonite Crowded Closet

Analysis

Iowa Mennonite Crowded Closet is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iowa Mennonite Crowded Closet reported income of $2.0m and spending of $1.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+40%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 79% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iowa Mennonite Crowded Closet sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within IA. Charities of a similar size with the same main cause include Global Emergency Relief Recovery and Reconstruction ($2.0m), American Friends of the Alliance Israelite Universelle Inc ($2.0m) and Articlegroup Org Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $685k. At year end it held assets of $4.1m against liabilities of $1.4m, net assets of $2.7m. It reported 26 employees.