Colorful Closets Of Amarillo
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 127,680 | 72,210 | 55,470 | 22.3 | — |
| 2019 | 138,724 | 112,383 | 26,341 | 7.5 | — |
| 2020 | 281,580 | 181,495 | 100,085 | 11.3 | 37% |
| 2021 | 159,395 | 197,901 | −38,506 | 8.0 | — |
| 2022 | 250,128 | 262,369 | −12,241 | 5.5 | 33% |
| 2023 | 304,925 | 267,466 | 37,459 | 7.1 | 34% |
In its most recent public year (2023), this organization brought in $37,459 more than it spent. Its reserves stood at about 7.1 months of spending, down from 22.3 in 2018. Staff pay was 34% 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
Colorful Closets Of Amarillo'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