Ramblin Closet

Analysis

Ramblin Closet is a registered charity in United States, based in Van Alstyne, TX. It received its IRS tax-exemption ruling in February 2024, 2 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, Ramblin Closet reported income of $64k and spending of $97k, spending 150% of what it took in. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ramblin Closet sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include J216 Ministry ($64k), Arcadia Community Center ($64k) and Crosby Care Meeting the Needs of People Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.