Princeton Closet NFP

Analysis

Princeton Closet NFP is a registered charity in United States, based in Princeton, IL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Princeton Closet NFP reported income of $452k and spending of $433k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $339k to $452k (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Princeton Closet NFP sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within IL. Charities of a similar size with the same main cause include Tarahumara Childrens Hospital Fund of El Paso ($452k), Mendota Area Senior Services Inc ($452k) and Bedford Counseling Center Inc ($452k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% of the total. Other salaries and wages came to $108k. At year end it held assets of $437k against liabilities of $5,988, net assets of $431k. It reported 12 employees.