Clothes To Kids Inc
Clothes To Kids Inc shows consistent revenue growth and no reported officer compensation, with strong program spending.
EIN: 141849798 · Clearwater, FL · NTEE: P60 · Updated: 2026-03-28
Is Clothes To Kids Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Clothes To Kids Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Clothes To Kids Inc
Clothes To Kids Inc (EIN: 141849798) is a nonprofit organization based in Clearwater, FL, classified under NTEE code P60. The organization reported total revenue of $2.8M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clothes To Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Clothes To Kids Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$542K |
| Total Assets | $2.7M |
| Total Liabilities | $181K |
| Net Assets | $2.5M |
| Operating Margin | 19.1% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Clothes To Kids Inc reported a surplus of $542K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Clothes To Kids Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +2.1% | +16.7% |
| 2022 | +13.7% | +22.4% | +39.0% |
| 2021 | +32.2% | +15.5% | +31.4% |
| 2020 | -10.1% | -17.4% | +22.0% |
| 2019 | +12.7% | +18.7% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Clothes To Kids Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Clothes To Kids Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $542K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.7%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a strong positive for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Clothes To Kids Inc:
- Consistent revenue growth from $1.9M in 2019 to $2.8M in 2023.
- Healthy asset accumulation, growing from $1.0M in 2019 to $2.7M in 2023.
- No reported officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Strong program spending ratio, ensuring most funds go directly to services.
- Positive net income in most recent years, contributing to financial stability and growth.
Frequently Asked Questions about Clothes To Kids Inc
Is Clothes To Kids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Clothes To Kids Inc (EIN: 141849798) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Clothes To Kids Inc spend its money?
Clothes To Kids Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Clothes To Kids Inc tax-deductible?
Clothes To Kids Inc is registered as a tax-exempt nonprofit (EIN: 141849798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Clothes To Kids Inc a good charity?
Based on its financial data, Clothes To Kids Inc appears to be a very good charity. It demonstrates consistent revenue growth, healthy asset accumulation, and a strong commitment to program spending, with no reported officer compensation.
How has Clothes To Kids Inc's revenue changed over time?
Clothes To Kids Inc has shown consistent revenue growth, increasing from $1,938,570 in 2019 to $2,844,280 in 2023, indicating a growing capacity to serve its mission.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting a volunteer-led or very lean executive structure, which maximizes funds available for programs.
Filing History
IRS 990 filing history for Clothes To Kids Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Clothes To Kids Inc's revenue has grown by 117.1%, moving from $1.3M to $2.8M. Total assets increased by 372.9% over the same period, from $573K to $2.7M. Total functional expenses rose by 79.2%, from $1.3M to $2.3M. In its most recent filing year (2023), Clothes To Kids Inc reported a surplus of $542K, with revenue exceeding expenses. The organization holds $181K in liabilities against $2.7M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.3M | $2.7M | $181K | — | — |
| 2022 | $2.6M | $2.3M | $2.3M | $335K | — | View 990 |
| 2021 | $2.3M | $1.8M | $1.7M | $48K | — | View 990 |
| 2020 | $1.7M | $1.6M | $1.3M | $111K | — | — |
| 2019 | $1.9M | $1.9M | $1.0M | $31K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.1M | $51K | — | View 990 |
| 2017 | $1.3M | $1.2M | $930K | $21K | — | View 990 |
| 2016 | $1.4M | $1.2M | $851K | $27K | — | View 990 |
| 2015 | $1.4M | $1.2M | $673K | $28K | — | View 990 |
| 2014 | $1.2M | $1.2M | $489K | $22K | — | View 990 |
| 2013 | $1.2M | $1.2M | $562K | $37K | — | View 990 |
| 2012 | $1.4M | $1.4M | $558K | $37K | — | View 990 |
| 2011 | $1.3M | $1.3M | $573K | $52K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.3M, and assets of $2.7M (revenue +8.6% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.3M, and assets of $2.3M (revenue +13.7% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.8M, and assets of $1.7M (revenue +32.2% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $1.3M (revenue -10.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $1.0M (revenue +12.7% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M (revenue +36.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $930K (revenue -10.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $851K (revenue +3.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $673K (revenue +17.4% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $489K (revenue -6.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $562K (revenue -10.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $558K (revenue +5.8% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $573K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Clothes To Kids Inc:
Data Sources and Methodology
This transparency report for Clothes To Kids 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.