Clothes the Deal

Analysis

Clothes the Deal is a registered charity in United States, based in Whittier, CA. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 December 2023, Clothes the Deal reported income of $174k and spending of $304k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $174k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Clothes the Deal sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Rise in Love ($174k), Greater Pell City Rotary Club Community Endowment Foundation ($174k) and Alton Park Development Corp ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 112% and program service revenue 121% of the total. Compensation of current officers, directors and key employees was $94k (31% of expenses). Other salaries and wages came to $132k. At year end it held assets of $446k against liabilities of $50k, net assets of $396k. It reported 4 employees.