Sharias Closet

Analysis

Sharias Closet is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in September 2016, 10 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, Sharias Closet reported income of $271k and spending of $264k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $272k to $271k (-0.6%), an average of -0.6% a year. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sharias Closet sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Hostage Rescue Team Association ($271k), Nevada Community Action Association ($271k) and Preservery Foundation ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (23% of expenses). Other salaries and wages came to $80k. At year end it held assets of $314k against liabilities of $0, net assets of $314k. It reported 14 employees.