Clothes for Kids

Analysis

Clothes for Kids is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Clothes for Kids reported income of $1.0m and spending of $962k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $482k to $1.0m (+108%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 85%. Over the whole period it spent 85% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Clothes for Kids sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Suffolk County Police Athletic League Inc ($1.0m), The Jerome Bettis Bus Stop Here Foundation ($1.0m) and Dulles Youth Sports Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $105k. At year end it held assets of $604k against liabilities of $16k, net assets of $588k. It reported 5 employees.