Debbies Closet Inc

Analysis

Debbies Closet Inc is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in July 2018, 8 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, Debbies Closet Inc reported income of $51k and spending of $24k, leaving 54% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $51k (+97%), an average of +97% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Debbies Closet Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Palm Beach County Association of the Deaf Inc ($51k), Central Council of the Society of St Vincent de Paul in the Diocese ($51k) and Jaidens Journey Foundation ($51k).

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 $42k against liabilities of $0, net assets of $42k.