Macomb Foster Closet

Analysis

Macomb Foster Closet is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in May 2018, 8 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, Macomb Foster Closet reported income of $309k and spending of $95k, leaving 69% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $309k (+259%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 328%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Macomb Foster Closet sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Emmanuel Kingdom Ministries ($309k), Mission to the Nations ($309k) and Dfree Global Foundation Inc ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $898k against liabilities of $584k, net assets of $314k.