Odessa Clothes Closet Inc

Analysis

Odessa Clothes Closet Inc is a registered charity in United States, based in Odessa, MO. It received its IRS tax-exemption ruling in January 2000, 26 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, Odessa Clothes Closet Inc reported income of $100k and spending of $78k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $100k (+8.8%), an average of +8.8% a year. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Odessa Clothes Closet Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within MO. Charities of a similar size with the same main cause include From Your Father Inc ($100k), Hope for One Child ($100k) and Key West Police Department Lovefund Inc ($100k).

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 $44k against liabilities of $0, net assets of $44k.