The Clothes Closet Inc
Nonprofit profile at a glance
- EIN
- 471546359
- IRS 990-EZ coverage
- 2014–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
- Location
- Lake Havasu City, AZ, USA
- Phone
- 9284120451
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Emergency Assistance
Reported finances
- Revenue
- $129,597
- Expenses
- $213,527
- Assets
- $458,709
- Liabilities
- $125,889
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Executive titles in this filing
- CHRISTINE WATSON (PRESIDENT)
People named in this filing
- CHRISTINE WATSON (PRESIDENT)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Distribution of donated clothing
What it reported doing in 2024
Collection and distribution of donated clothesand accessories to those in need. Provide necessary facilities to homeless for hygenic care, showers and laundry of clothes
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 94
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 48.5%; rating input score 49
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -64.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 2.15; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 40.9% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 26.9% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 31.7% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 48.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $104K in reported program spending
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 7 filing years from 2014 to 2024
- Contacts: How to reach this organization
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.