Golden Rule Clothes Closet & More
EIN: 721304354 · Fort Smith, AR · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $105K |
| Total Expenses | $41K |
| Net Assets | $257K |
Is Golden Rule Clothes Closet & More Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Golden Rule Clothes Closet & More
Golden Rule Clothes Closet & More (EIN: 721304354) is a nonprofit organization based in Fort Smith, AR, classified under NTEE code P20. The organization reported total revenue of $105K and total assets of $316K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Golden Rule Clothes Closet & More's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Golden Rule Clothes Closet & More is a small nonprofit that has been operating for 4 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $41K |
| Surplus / Deficit | +$29K |
| Total Assets | $257K |
| Total Liabilities | $316 |
| Net Assets | $257K |
| Operating Margin | 41.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 74.4 months |
Financial Health Grade: A
In 2023, Golden Rule Clothes Closet & More reported a surplus of $29K with revenue exceeding expenses, holds 74.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2023), Golden Rule Clothes Closet & More's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.7% | -44.0% | +451.7% |
| 2017 | +20.2% | -13.9% | +87.7% |
| 2016 | +8.7% | +19.5% | -24.8% |
| 2015 | -4.3% | +7.6% | +4.9% |
| 2014 | +4.4% | -6.4% | +37.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Golden Rule Clothes Closet & More 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 Golden Rule Clothes Closet & More 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 $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Golden Rule Clothes Closet & More
Is Golden Rule Clothes Closet & More a legitimate charity?
Golden Rule Clothes Closet & More (EIN: 721304354) is a registered tax-exempt nonprofit based in Arkansas. It has 8 years of IRS 990 filings on record. Total revenue: $105K. No red flags identified. Financial health grade: A.
How does Golden Rule Clothes Closet & More spend its money?
Golden Rule Clothes Closet & More reported $105K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Golden Rule Clothes Closet & More tax-deductible?
Golden Rule Clothes Closet & More is registered as a tax-exempt nonprofit (EIN: 721304354). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Golden Rule Clothes Closet & More located?
Golden Rule Clothes Closet & More is headquartered in Fort Smith, Arkansas and files with the IRS under EIN 721304354. It is classified under NTEE code P20.
How many years of IRS 990 filings does Golden Rule Clothes Closet & More have?
Golden Rule Clothes Closet & More has 8 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 $105K in total revenue.
Filing History
IRS 990 filing history for Golden Rule Clothes Closet & More showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Golden Rule Clothes Closet & More's revenue has grown by 1.8%, moving from $69K to $70K. Total assets increased by 1022.9% over the same period, from $23K to $257K. Total functional expenses fell by 36.8%, from $66K to $41K. In its most recent filing year (2023), Golden Rule Clothes Closet & More reported a surplus of $29K, with revenue exceeding expenses. The organization holds $316 in liabilities against $257K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $257K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $41K | $257K | $316 | — | View 990 |
| 2017 | $95K | $74K | $47K | $963 | — | — |
| 2016 | $79K | $86K | $25K | $0 | — | View 990 |
| 2015 | $73K | $72K | $33K | $1K | — | View 990 |
| 2014 | $76K | $67K | $31K | $36 | — | View 990 |
| 2013 | $73K | $71K | $23K | $294 | — | View 990 |
| 2012 | $67K | $68K | $21K | $364 | — | View 990 |
| 2011 | $69K | $66K | $23K | $408 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $41K, and assets of $257K (revenue -25.7% year-over-year).
- 2017: Revenue of $95K, expenses of $74K, and assets of $47K (revenue +20.2% year-over-year).
- 2016: Revenue of $79K, expenses of $86K, and assets of $25K (revenue +8.7% year-over-year).
- 2015: Revenue of $73K, expenses of $72K, and assets of $33K (revenue -4.3% year-over-year).
- 2014: Revenue of $76K, expenses of $67K, and assets of $31K (revenue +4.4% year-over-year).
- 2013: Revenue of $73K, expenses of $71K, and assets of $23K (revenue +8.4% year-over-year).
- 2012: Revenue of $67K, expenses of $68K, and assets of $21K (revenue -3.1% year-over-year).
- 2011: Revenue of $69K, expenses of $66K, and assets of $23K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Golden Rule Clothes Closet & More:
Data Sources and Methodology
This transparency report for Golden Rule Clothes Closet & More 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.