Abbys Closet Inc

Analysis

Abbys Closet Inc is a registered charity in United States, based in West Linn, OR. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Abbys Closet Inc reported income of $70k and spending of $78k, spending 112% of what it took in. Across the 2 years on record, from April 2023 to April 2024, income fell from $72k to $70k (-3.1%), an average of -3.1% a year. 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, Abbys Closet Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within OR. Charities of a similar size with the same main cause include Sea Community Help Resource Center ($70k), Theatre in the Park Inc ($70k) and Machon Peer Yisroel Corp ($70k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 48% of the total. At year end it held assets of $135k against liabilities of $0, net assets of $135k.