Curts Closet

Analysis

Curts Closet is a registered charity in United States, based in Cullman, AL. It received its IRS tax-exemption ruling in March 2019, 7 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, Curts Closet reported income of $1.1m and spending of $989k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $600k to $1.1m (+79%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 92%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Curts Closet sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Community Legal Center ($1.1m), Precious Ones Learning & Outreach Inc ($1.1m) and Kids Stuff Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $97k (9.9% of expenses). Other salaries and wages came to $68k. At year end it held assets of $1.2m against liabilities of $16k, net assets of $1.2m. It reported 6 employees.