Christian Closet Inc

Analysis

Christian Closet Inc is a registered charity in United States, based in Rockingham, NC. It received its IRS tax-exemption ruling in August 2001, 25 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, Christian Closet Inc reported income of $318k and spending of $413k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $318k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christian Closet Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Canine Partners of the Rockies Inc ($318k), Restoration of Hope Inc ($318k) and Hands for Haiti ($318k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $108k (26% of expenses). Other salaries and wages came to $148k. At year end it held assets of $794k against liabilities of $4,034, net assets of $790k. It reported 16 employees.