Katelynn's Closet Inc

Nonprofit profile at a glance

EIN: 262941379
IRS 990-EZ coverage: 2013–2025
Forms available: Form 990-EZ 2025, Form 990-N 2012
Location: South Yarmouth, MA, USA
Rating: 86
Verdict: STRONG
Rating confidence: Moderate

Reported finances

Revenue: $60,950
Expenses: $94,338
Assets: $73,198

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

MATTHEW BEARSE (PRESIDENT)

People named in this filing

MATTHEW BEARSE (PRESIDENT)
RICHARD BROWN (TREASURER)
ANN BEARSE (CLERK)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization will solicit, collect, sort and package clothing, shoes and basic necessities for distribution to children in need on cape cod & islands through a network of agencises and programs, as well as provide opportunities for social activism. Our services include clothing, care packages, emergency clothing and distribution of basic necessities to children on cape cod & islands up to age 18.

What it reported doing in 2025

Provide children in need with clothing

Operating model

Revenue model: Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 82
Sustainability: 24
Growth: 40

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
Major donor itemization: Limited

Sustainability

Operating margin: -54.8%; rating input score 11; 11th percentile among comparable filings
Total-asset coverage ratio: 0.78; rating input score 41; 41st percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: 2.1% per year; rating input score 100; 53rd percentile among comparable filings
Revenue growth: -3% per year; rating input score 0; 39th percentile among comparable filings
Asset growth: -0.5% per year; rating input score 0; 36th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 2 filed program accomplishments · $94K in reported program spending
Leadership: top reported pay $0 · 6 people listed
Consistency: 6 of 6 current checks pass
Schedules: 2 filed schedules
Filing history: 13 filing years from 2013 to 2025
Contacts: How to reach this organization
Money network: Resolved incoming and outgoing counterparties from filed money flows.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 11/100.
High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
Review — Sustainability: Officer compensation ratio scored 56/100.