Foster Care Clothing Closet Inc

Analysis

Foster Care Clothing Closet Inc is a registered charity in United States, based in Florence, SC. It received its IRS tax-exemption ruling in February 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 (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, Foster Care Clothing Closet Inc reported income of $53k and spending of $63k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $53k (-12%), an average of -12% a year. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foster Care Clothing Closet Inc sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 27th percentile within SC. Charities of a similar size with the same main cause include Childrens Committee of Warren County Inc ($53k), Charities Guild of Northern Kentucky Inc ($53k) and One Call Foundation ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $52k against liabilities of $1,814, net assets of $50k.