Calebs Closet

Analysis

Calebs Closet is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 2017, 9 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, Calebs Closet reported income of $63k and spending of $78k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $63k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Calebs Closet sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within TX. Charities of a similar size with the same main cause include Vietnamese Pharmacists Association USA ($63k), Heart of the Good Shepherd Inc ($63k) and Hope 4 Mobility Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $151k against liabilities of $0, net assets of $151k.