Clothes For Kids Sake Inc
EIN: 264685782 · Mountain Lakes, NJ · NTEE: P112
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $7.0M |
| Net Assets | $-80,063 |
Is Clothes For Kids Sake Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Clothes For Kids Sake Inc
Clothes For Kids Sake Inc (EIN: 264685782) is a nonprofit organization based in Mountain Lakes, NJ, classified under NTEE code P112. The organization reported total revenue of $6.8M and total assets of $132K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clothes For Kids Sake Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clothes For Kids Sake Inc is a mid-size nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $7.0M |
| Surplus / Deficit | $-201,386 |
| Total Assets | $132K |
| Total Liabilities | $212K |
| Net Assets | $-80,063 |
| Operating Margin | -3.0% |
| Debt-to-Asset Ratio | 160.7% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2017, Clothes For Kids Sake Inc reported a deficit of $201K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 160.7% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Clothes For Kids Sake Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -11.1% | -10.0% | -41.6% |
| 2016 | -1.1% | +1.0% | -31.7% |
| 2015 | +15.5% | +15.4% | -12.3% |
| 2014 | +18.2% | +19.6% | -3.3% |
| 2013 | +15.3% | +13.3% | +72.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Clothes For Kids Sake Inc 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 Clothes For Kids Sake Inc 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $201K, with expenses exceeding revenue.
- Debt-to-asset ratio: 160.7%.
Frequently Asked Questions about Clothes For Kids Sake Inc
Is Clothes For Kids Sake Inc a legitimate charity?
Clothes For Kids Sake Inc (EIN: 264685782) is a registered tax-exempt nonprofit based in New Jersey. It has 7 years of IRS 990 filings on record. Total revenue: $6.8M. No red flags identified. Financial health grade: D.
How does Clothes For Kids Sake Inc spend its money?
Clothes For Kids Sake Inc reported $6.8M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Clothes For Kids Sake Inc tax-deductible?
Clothes For Kids Sake Inc is registered as a tax-exempt nonprofit (EIN: 264685782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Clothes For Kids Sake Inc located?
Clothes For Kids Sake Inc is headquartered in Mountain Lakes, New Jersey and files with the IRS under EIN 264685782. It is classified under NTEE code P112.
How many years of IRS 990 filings does Clothes For Kids Sake Inc have?
Clothes For Kids Sake Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.8M in total revenue.
Filing History
IRS 990 filing history for Clothes For Kids Sake Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Clothes For Kids Sake Inc's revenue has grown by 86.4%, moving from $3.6M to $6.8M. Total assets decreased by 31.1% over the same period, from $191K to $132K. Total functional expenses rose by 100.6%, from $3.5M to $7.0M. In its most recent filing year (2017), Clothes For Kids Sake Inc reported a deficit of $201K, with expenses exceeding revenue. The organization holds $212K in liabilities against $132K in assets (debt-to-asset ratio: 160.7%), resulting in net assets of $-80,063.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $6.8M | $7.0M | $132K | $212K | — | View 990 |
| 2016 | $7.6M | $7.8M | $226K | $105K | — | View 990 |
| 2015 | $7.7M | $7.7M | $331K | $83K | — | View 990 |
| 2014 | $6.7M | $6.7M | $378K | $158K | — | View 990 |
| 2013 | $5.6M | $5.6M | $391K | $190K | — | View 990 |
| 2012 | $4.9M | $4.9M | $227K | $107K | — | View 990 |
| 2011 | $3.6M | $3.5M | $191K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $6.8M, expenses of $7.0M, and assets of $132K (revenue -11.1% year-over-year).
- 2016: Revenue of $7.6M, expenses of $7.8M, and assets of $226K (revenue -1.1% year-over-year).
- 2015: Revenue of $7.7M, expenses of $7.7M, and assets of $331K (revenue +15.5% year-over-year).
- 2014: Revenue of $6.7M, expenses of $6.7M, and assets of $378K (revenue +18.2% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.6M, and assets of $391K (revenue +15.3% year-over-year).
- 2012: Revenue of $4.9M, expenses of $4.9M, and assets of $227K (revenue +34.7% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.5M, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clothes For Kids Sake Inc:
Data Sources and Methodology
This transparency report for Clothes For Kids Sake Inc 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.