Closet of the Greater Herndon Area Inc

Analysis

Closet of the Greater Herndon Area Inc is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in May 1978, 48 years ago. 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, Closet of the Greater Herndon Area Inc reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $998k to $1.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Closet of the Greater Herndon Area Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within VA. Charities of a similar size with the same main cause include Raptor Inc ($1.2m), Round Rock Isd Education Foundation ($1.2m) and Hawkeye Wrestling Club ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $573k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m. It reported 25 employees.