Coreys Closet
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 97,617 | 97,531 | 86 | -1.0 | — |
| 2020 | 172,726 | 170,436 | 2,290 | 0.9 | — |
| 2021 | 295,483 | 281,995 | 13,488 | 1.5 | 53% |
| 2022 | 451,602 | 456,722 | −5,120 | 0.8 | 61% |
| 2023 | 724,269 | 569,471 | 154,798 | 3.9 | 61% |
In its most recent public year (2023), this organization brought in $154,798 more than it spent. Its reserves stood at about 3.9 months of spending, up from -1 in 2018. Staff pay was 61% 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
Coreys Closet'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