Clothing Inc

Analysis

Clothing Inc is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in June 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 May 2023, Clothing Inc reported income of $150k and spending of $104k, leaving 31% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $117k to $150k (+28%), an average of +8.7% a year. The sharpest change came in the year to May 2022, when income rose by 58%. 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, Clothing Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Canines for Christ Therapy Dog Ministry Inc ($150k), Generosity-Global Incorporated ($150k) and A Grateful Mind International Inc ($150k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k. It reported 1 employees.