Adins Closet Inc

Analysis

Adins Closet Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Adins Closet Inc reported income of $149k and spending of $183k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $149k (-14%), an average of -14% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Adins Closet Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Hodes Family Foundation Inc ($149k), Sacc Scholarship Charitable TR ($149k) and St Johns Area Community Fund ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.