Plymouth Area Community Closet
Plymouth Area Community Closet maintains strong financial health with zero liabilities and no officer compensation.
EIN: 20468953 · Plymouth, NH · NTEE: P20 · Updated: 2026-03-28
Is Plymouth Area Community Closet Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plymouth Area Community Closet directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plymouth Area Community Closet
Plymouth Area Community Closet (EIN: 20468953) is a nonprofit organization based in Plymouth, NH, classified under NTEE code P20. The organization reported total revenue of $191K and total assets of $157K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plymouth Area Community Closet'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 Plymouth Area Community Closet 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, Plymouth Area Community Closet 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
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with revenues around $200,000.
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 Plymouth Area Community Closet:
- Consistent 0% officer compensation, indicating volunteer leadership and high efficiency.
- Zero liabilities reported in the last three fiscal periods (2022-2024), demonstrating strong financial health and debt management.
- Steady growth in assets from $71,925 in 2015 to $155,573 in 2024, enhancing long-term sustainability.
- Consistent filing history (13 filings) indicates good transparency and compliance with IRS regulations.
- Expenses generally align with or are slightly below revenue in most periods, suggesting responsible spending.
Frequently Asked Questions about Plymouth Area Community Closet
Is Plymouth Area Community Closet a legitimate charity?
Based on AI analysis of IRS 990 filings, Plymouth Area Community Closet (EIN: 20468953) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Plymouth Area Community Closet spend its money?
Plymouth Area Community Closet directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plymouth Area Community Closet tax-deductible?
Plymouth Area Community Closet is registered as a tax-exempt nonprofit (EIN: 20468953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Plymouth Area Community Closet a good charity?
Based on the provided IRS 990 data, Plymouth Area Community Closet appears to be a very good charity. It consistently reports 0% officer compensation, has zero liabilities in recent years, and maintains a healthy asset base relative to its revenue, all indicating strong financial stewardship and a focus on its mission.
How has the organization's financial stability changed over time?
The organization's financial stability has improved significantly. While it had liabilities ranging from $15,669 to $73,868 in earlier periods (2015-2021), it has reported $0 in liabilities for the past three fiscal periods (2022-2024), demonstrating excellent debt management and a stronger financial footing.
What is the trend in the organization's assets?
Plymouth Area Community Closet's assets have shown a positive growth trend, increasing from $71,925 in 2015 to $155,573 in 2024, indicating a healthy accumulation of resources to support its operations and future growth.
Filing History
IRS 990 filing history for Plymouth Area Community Closet showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Plymouth Area Community Closet's revenue has grown by 34.2%, moving from $145K to $194K. Total assets increased by 303.4% over the same period, from $39K to $156K. Total functional expenses rose by 35.4%, from $127K to $172K. In its most recent filing year (2024), Plymouth Area Community Closet reported a surplus of $22K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $194K | $172K | $156K | $0 | — | — |
| 2023 | $253K | $201K | $133K | $0 | — | — |
| 2022 | $219K | $213K | $110K | $0 | — | View 990 |
| 2021 | $181K | $143K | $150K | $74K | — | View 990 |
| 2020 | $162K | $156K | $104K | $66K | — | — |
| 2019 | $169K | $169K | $73K | $41K | — | View 990 |
| 2018 | $210K | $202K | $65K | $34K | — | View 990 |
| 2017 | $191K | $207K | $71K | $48K | — | View 990 |
| 2016 | $189K | $206K | $83K | $44K | — | View 990 |
| 2015 | $222K | $192K | $72K | $16K | — | View 990 |
| 2014 | $197K | $207K | $26K | $-458 | — | View 990 |
| 2013 | $183K | $184K | $46K | $10K | — | View 990 |
| 2012 | $145K | $127K | $39K | $857 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $194K, expenses of $172K, and assets of $156K (revenue -23.1% year-over-year).
- 2023: Revenue of $253K, expenses of $201K, and assets of $133K (revenue +15.3% year-over-year).
- 2022: Revenue of $219K, expenses of $213K, and assets of $110K (revenue +20.9% year-over-year).
- 2021: Revenue of $181K, expenses of $143K, and assets of $150K (revenue +12.0% year-over-year).
- 2020: Revenue of $162K, expenses of $156K, and assets of $104K (revenue -4.1% year-over-year).
- 2019: Revenue of $169K, expenses of $169K, and assets of $73K (revenue -19.6% year-over-year).
- 2018: Revenue of $210K, expenses of $202K, and assets of $65K (revenue +10.1% year-over-year).
- 2017: Revenue of $191K, expenses of $207K, and assets of $71K (revenue +0.7% year-over-year).
- 2016: Revenue of $189K, expenses of $206K, and assets of $83K (revenue -14.7% year-over-year).
- 2015: Revenue of $222K, expenses of $192K, and assets of $72K (revenue +12.6% year-over-year).
- 2014: Revenue of $197K, expenses of $207K, and assets of $26K (revenue +7.5% year-over-year).
- 2013: Revenue of $183K, expenses of $184K, and assets of $46K (revenue +26.6% year-over-year).
- 2012: Revenue of $145K, expenses of $127K, and assets of $39K.
Data Sources and Methodology
This transparency report for Plymouth Area Community 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.