Closer Walk Inc

Analysis

Closer Walk Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in September 2024, 2 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, Closer Walk Inc reported income of $140k and spending of $140k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $75k to $140k (+86%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Closer Walk Inc 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 45th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Glacial Lakes Multicultural Center Inc ($139k), Arkansas Coalition of Housing &neighborhood Growth for Empowerment ($140k) and Rotary Foundation of the Rotary Club of Monterey a Nonprofit Bene ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 46% of the total. At year end it held assets of $1,000 against liabilities of $0, net assets of $1,000.