Dewannas Community Closet a Nonprofit Corporation

Analysis

Dewannas Community Closet a Nonprofit Corporation is a registered charity in United States, based in Lake Charles, LA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Dewannas Community Closet a Nonprofit Corporation reported income of $394k and spending of $337k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $394k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dewannas Community Closet a Nonprofit Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within LA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($394k), Central Carolina Technical College Foundation Inc ($394k) and Tuscarawas County Child Advocacy Center ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $708k against liabilities of $0, net assets of $708k.