Giving Closet Project
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 59,424 | 83,338 | −23,914 | 0.2 | — |
| 2021 | 139,609 | 112,621 | 26,988 | 3.0 | — |
| 2022 | 509,940 | 1,621,651 | −1,111,711 | 1.0 | 3% |
| 2023 | 469,250 | 498,849 | −29,599 | 0.3 | 5% |
In its most recent public year (2023), this organization spent $29,599 more than it brought in. Its reserves stood at about 0.3 months of spending. Staff pay was 5% 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
Giving Closet Project's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works