Teachers Supply Closet

Analysis

Teachers Supply Closet is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in July 2007, 19 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, Teachers Supply Closet reported income of $438k and spending of $318k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $543k to $438k (-19%), an average of -10% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Teachers Supply Closet sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include All My Usos ($438k), Shepherds Crook Ministries Inc ($438k) and Central Child Care of WV ($438k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). Other salaries and wages came to $29k. At year end it held assets of $215k against liabilities of $0, net assets of $215k. It reported 2 employees.