A Caring Closet

Analysis

A Caring Closet is a registered charity in United States, based in Vancouver, WA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, A Caring Closet reported income of $1.5m and spending of $1.4m, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $342k to $1.5m (+351%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, A Caring Closet sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within WA. Charities of a similar size with the same main cause include Mothers Milk Bank of Florida ($1.5m), Westlund Guidance Clinic ($1.5m) and Isabella Santos Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $288k against liabilities of $1, net assets of $288k. It reported 1 employees.