A Caring Closet
EIN: 811517903 · Vancouver, WA · NTEE: E60
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.4M |
| Net Assets | $288K |
Is A Caring Closet Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About A Caring Closet
A Caring Closet (EIN: 811517903) is a nonprofit organization based in Vancouver, WA, classified under NTEE code E60. The organization reported total revenue of $1.9M and total assets of $355K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of A Caring Closet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
A Caring Closet is a mid-size nonprofit that has been operating for 10 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 65.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$122K |
| Total Assets | $288K |
| Total Liabilities | $1 |
| Net Assets | $288K |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2.4 months |
Financial Health Grade: A
In 2023, A Caring Closet reported a surplus of $122K with revenue exceeding expenses, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), A Caring Closet's revenue has grown at a compound annual growth rate (CAGR) of 65.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +202.4% | +210.6% | +73.2% |
| 2022 | +46.3% | +34.8% | +45.6% |
| 2021 | +2.1% | +9.8% | +9.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for A Caring Closet has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates A Caring Closet with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about A Caring Closet
Is A Caring Closet a legitimate charity?
Based on AI analysis of IRS 990 filings, A Caring Closet (EIN: 811517903) insufficient data. 0 red flags identified, 0 strengths noted.
How does A Caring Closet spend its money?
Detailed spending breakdown data is not yet available for A Caring Closet. Check back for updated IRS 990 analysis.
Are donations to A Caring Closet tax-deductible?
A Caring Closet is registered as a tax-exempt nonprofit (EIN: 811517903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is A Caring Closet located?
A Caring Closet is headquartered in Vancouver, Washington and files with the IRS under EIN 811517903. It is classified under NTEE code E60.
How many years of IRS 990 filings does A Caring Closet have?
A Caring Closet has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for A Caring Closet showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), A Caring Closet's revenue has grown by 351.5%, moving from $342K to $1.5M. Total assets increased by 176.9% over the same period, from $104K to $288K. Total functional expenses rose by 359.8%, from $309K to $1.4M. In its most recent filing year (2023), A Caring Closet reported a surplus of $122K, with revenue exceeding expenses. The organization holds $1 in liabilities against $288K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $288K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.4M | $288K | $1 | — | — |
| 2022 | $511K | $458K | $166K | $130 | — | View 990 |
| 2021 | $349K | $340K | $114K | $667 | — | View 990 |
| 2020 | $342K | $309K | $104K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.4M, and assets of $288K (revenue +202.4% year-over-year).
- 2022: Revenue of $511K, expenses of $458K, and assets of $166K (revenue +46.3% year-over-year).
- 2021: Revenue of $349K, expenses of $340K, and assets of $114K (revenue +2.1% year-over-year).
- 2020: Revenue of $342K, expenses of $309K, and assets of $104K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for A Caring Closet:
Data Sources and Methodology
This transparency report for A Caring Closet is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.