Annabels Closet Inc

Analysis

Annabels Closet Inc is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Annabels Closet Inc reported income of $131k and spending of $150k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $164k to $131k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Annabels Closet Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Citywide Council of Syracuse Low Income Housing Residents Inc ($131k), Cedar Street Senior Apartments Inc ($131k) and Sisters 4 the Future ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.