Clothes Closet Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 420 | 400 | 20 | 0.6 | — |
| 2015 | 862 | 508 | 354 | 8.8 | — |
| 2016 | 824 | 533 | 291 | 20.2 | — |
| 2017 | 3,179 | 4,054 | −875 | 0.1 | — |
| 2018 | 11,560 | 8,358 | 3,202 | 4.6 | — |
| 2021 | 292,353 | 31,414 | 260,939 | 101.6 | 48% |
| 2022 | 99,304 | 63,295 | 36,009 | 57.2 | — |
| 2023 | 218,867 | 102,243 | 116,624 | 49.1 | 27% |
In its most recent public year (2023), this organization brought in $116,624 more than it spent. Its reserves stood at about 49.1 months of spending, up from 0.6 in 2014. Staff pay was 27% 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 2023. 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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