Kids Closet Of Duluth
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 87,242 | 95,699 | −8,457 | 7.2 | 9% |
| 2021 | 88,764 | 74,741 | 14,023 | 10.6 | 12% |
| 2022 | 90,530 | 90,907 | −377 | 8.6 | 11% |
| 2023 | 75,105 | 69,741 | 5,364 | 11.8 | 15% |
| 2024 | 68,879 | 79,387 | −10,508 | 9.7 | 14% |
In its most recent public year (2024), this organization spent $10,508 more than it brought in. Its reserves stood at about 9.7 months of spending, up from 7.2 in 2020. Staff pay was 14% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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