Community Closet Inc
Community Closet Inc shows consistent revenue growth and strong financial surpluses with no reported officer compensation.
EIN: 203477522 · Livingston, MT · NTEE: J32 · Updated: 2026-03-28
Is Community Closet Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Closet Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Closet Inc
Community Closet Inc (EIN: 203477522) is a nonprofit organization based in Livingston, MT, classified under NTEE code J32. The organization reported total revenue of $1.3M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Closet Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Closet 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, Community Closet 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.
Executive Compensation Analysis
Community Closet Inc reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led or very lean leadership structure.
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 Community Closet Inc:
- Consistent and significant revenue growth, from $256,558 in 2014 to $1,243,173 in 2023.
- Strong financial surpluses, with revenue consistently exceeding expenses (e.g., $1,243,173 revenue vs. $897,011 expenses in 2023).
- Healthy and growing asset base, increasing from $204,507 in 2014 to $987,636 in 2023.
- Extremely low liabilities, often under $2,000 in recent years, indicating minimal debt.
- 0% reported officer compensation across all filings, suggesting a highly efficient and mission-focused leadership.
Frequently Asked Questions about Community Closet Inc
Is Community Closet Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Closet Inc (EIN: 203477522) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Community Closet Inc spend its money?
Community Closet Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Closet Inc tax-deductible?
Community Closet Inc is registered as a tax-exempt nonprofit (EIN: 203477522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Community Closet Inc a good charity?
Based on the provided financial data, Community Closet Inc appears to be a very good charity. It demonstrates consistent financial growth, maintains healthy surpluses, has low liabilities, and reports no officer compensation, all of which are strong indicators of fiscal responsibility and dedication to its mission.
How has Community Closet Inc's financial health changed over time?
Community Closet Inc has shown remarkable financial improvement and growth over the past decade. Revenue has increased from $256,558 in 2014 to $1,243,173 in 2023, and assets have grown from $204,507 to $987,636 in the same period, indicating strong and sustained financial health.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership operates on a volunteer basis or that compensation is structured in a way that is not reported as officer compensation, which is highly unusual and indicates a very lean operational model.
Filing History
IRS 990 filing history for Community Closet Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Closet Inc's revenue has grown by 588.6%, moving from $181K to $1.2M. Total assets increased by 854.7% over the same period, from $103K to $988K. Total functional expenses rose by 417.6%, from $173K to $897K. In its most recent filing year (2023), Community Closet Inc reported a surplus of $346K, with revenue exceeding expenses. The organization holds $2K in liabilities against $988K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $986K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $897K | $988K | $2K | — | — |
| 2022 | $905K | $761K | $641K | $1K | — | — |
| 2021 | $865K | $620K | $496K | $2K | — | View 990 |
| 2020 | $579K | $560K | $341K | $92K | — | View 990 |
| 2019 | $666K | $612K | $324K | $94K | — | View 990 |
| 2018 | $596K | $563K | $266K | $95K | — | View 990 |
| 2017 | $529K | $518K | $236K | $98K | — | View 990 |
| 2016 | $488K | $474K | $227K | $101K | — | View 990 |
| 2015 | $294K | $278K | $217K | $105K | — | View 990 |
| 2014 | $257K | $259K | $205K | $108K | — | View 990 |
| 2013 | $248K | $245K | $104K | $5K | — | View 990 |
| 2012 | $225K | $226K | $101K | $4K | — | View 990 |
| 2011 | $181K | $173K | $103K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $897K, and assets of $988K (revenue +37.3% year-over-year).
- 2022: Revenue of $905K, expenses of $761K, and assets of $641K (revenue +4.7% year-over-year).
- 2021: Revenue of $865K, expenses of $620K, and assets of $496K (revenue +49.4% year-over-year).
- 2020: Revenue of $579K, expenses of $560K, and assets of $341K (revenue -13.1% year-over-year).
- 2019: Revenue of $666K, expenses of $612K, and assets of $324K (revenue +11.7% year-over-year).
- 2018: Revenue of $596K, expenses of $563K, and assets of $266K (revenue +12.6% year-over-year).
- 2017: Revenue of $529K, expenses of $518K, and assets of $236K (revenue +8.5% year-over-year).
- 2016: Revenue of $488K, expenses of $474K, and assets of $227K (revenue +66.2% year-over-year).
- 2015: Revenue of $294K, expenses of $278K, and assets of $217K (revenue +14.4% year-over-year).
- 2014: Revenue of $257K, expenses of $259K, and assets of $205K (revenue +3.6% year-over-year).
- 2013: Revenue of $248K, expenses of $245K, and assets of $104K (revenue +10.1% year-over-year).
- 2012: Revenue of $225K, expenses of $226K, and assets of $101K (revenue +24.5% year-over-year).
- 2011: Revenue of $181K, expenses of $173K, and assets of $103K.
Data Sources and Methodology
This transparency report for Community Closet 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.