The Giving Closet
EIN: 273207322 · Vancouver, WA · NTEE: P60
| Metric | Value |
|---|---|
| Total Revenue | $361K |
| Total Expenses | $230K |
| Net Assets | $256K |
Is The Giving Closet Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Giving Closet
The Giving Closet (EIN: 273207322) is a nonprofit organization based in Vancouver, WA, classified under NTEE code P60. The organization reported total revenue of $361K and total assets of $393K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Giving Closet's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Giving Closet is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $230K |
| Surplus / Deficit | +$41K |
| Total Assets | $258K |
| Total Liabilities | $3K |
| Net Assets | $256K |
| Operating Margin | 15.1% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 13.5 months |
Financial Health Grade: A
In 2023, The Giving Closet reported a surplus of $41K with revenue exceeding expenses, holds 13.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), The Giving Closet's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.0% | -35.7% | +19.1% |
| 2022 | -1.0% | +4.2% | -9.5% |
| 2021 | +0.1% | +16.1% | -11.4% |
| 2020 | +27.6% | +21.2% | +22.9% |
| 2019 | +37.3% | +30.0% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Giving Closet 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 The Giving Closet 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 $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about The Giving Closet
Is The Giving Closet a legitimate charity?
The Giving Closet (EIN: 273207322) is a registered tax-exempt nonprofit based in Washington. It has 12 years of IRS 990 filings on record. Total revenue: $361K. No red flags identified. Financial health grade: A.
How does The Giving Closet spend its money?
The Giving Closet reported $361K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Giving Closet tax-deductible?
The Giving Closet is registered as a tax-exempt nonprofit (EIN: 273207322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Giving Closet located?
The Giving Closet is headquartered in Vancouver, Washington and files with the IRS under EIN 273207322. It is classified under NTEE code P60.
How many years of IRS 990 filings does The Giving Closet have?
The Giving Closet has 12 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 $361K in total revenue.
Filing History
IRS 990 filing history for The Giving Closet showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), The Giving Closet's revenue has grown by 45.5%, moving from $186K to $271K. Total assets increased by 174.8% over the same period, from $94K to $258K. Total functional expenses rose by 114.1%, from $107K to $230K. In its most recent filing year (2023), The Giving Closet reported a surplus of $41K, with revenue exceeding expenses. The organization holds $3K in liabilities against $258K in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $256K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $271K | $230K | $258K | $3K | — | — |
| 2022 | $339K | $357K | $217K | $2K | — | View 990 |
| 2021 | $342K | $343K | $240K | $6K | — | View 990 |
| 2020 | $342K | $295K | $271K | $8K | — | View 990 |
| 2019 | $268K | $244K | $220K | $4K | — | View 990 |
| 2018 | $195K | $187K | $193K | $894 | — | View 990 |
| 2017 | $204K | $212K | $185K | $696 | — | View 990 |
| 2016 | $230K | $195K | $194K | $2K | — | View 990 |
| 2015 | $252K | $216K | $163K | $1K | — | View 990 |
| 2014 | $558K | $549K | $127K | $954 | — | View 990 |
| 2013 | $177K | $154K | $118K | $104 | — | View 990 |
| 2012 | $186K | $107K | $94K | $153 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $271K, expenses of $230K, and assets of $258K (revenue -20.0% year-over-year).
- 2022: Revenue of $339K, expenses of $357K, and assets of $217K (revenue -1.0% year-over-year).
- 2021: Revenue of $342K, expenses of $343K, and assets of $240K (revenue +0.1% year-over-year).
- 2020: Revenue of $342K, expenses of $295K, and assets of $271K (revenue +27.6% year-over-year).
- 2019: Revenue of $268K, expenses of $244K, and assets of $220K (revenue +37.3% year-over-year).
- 2018: Revenue of $195K, expenses of $187K, and assets of $193K (revenue -4.5% year-over-year).
- 2017: Revenue of $204K, expenses of $212K, and assets of $185K (revenue -11.3% year-over-year).
- 2016: Revenue of $230K, expenses of $195K, and assets of $194K (revenue -8.7% year-over-year).
- 2015: Revenue of $252K, expenses of $216K, and assets of $163K (revenue -54.8% year-over-year).
- 2014: Revenue of $558K, expenses of $549K, and assets of $127K (revenue +214.4% year-over-year).
- 2013: Revenue of $177K, expenses of $154K, and assets of $118K (revenue -4.7% year-over-year).
- 2012: Revenue of $186K, expenses of $107K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Giving Closet:
Data Sources and Methodology
This transparency report for The Giving 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.