Kindness Closet

Analysis

Kindness Closet is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in September 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, Kindness Closet reported income of $141k and spending of $132k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $131k to $141k (+7.1%), an average of +7.1% a year. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kindness Closet sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Hoge & Company Nonprofit ($141k), Mesa Family Services Inc ($141k) and Safe Children Coalition Foundation Inc ($141k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $10k. At year end it held assets of $81k against liabilities of $0, net assets of $81k. It reported 1 employees.