Health Care
(E60)
IRS Verified
DX Registered
990 on File
A CARING CLOSET
Financial strength (30%)
66/100
Reliability (20%)
50/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
A Caring Closet is meeting the needs of people in our community who cannot afford medical equipment by providing it FREE to those in need. The unfortunate reality is that we have thousands of individuals in our community who do not have the access to life altering medical equipment. The need is great, but with the support of our community we can work together to provide medical equipment to those in need.
Financial Overview — FY 2024
$1.9M
Total Revenue
$1.8M
Total Expenses
$355K
Net Assets
1
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
99.8%
Fundraising Efficiency
0.0%
Operating Reserve
2.32x
Liability-to-Asset
0.1%
Revenue Diversification
101.6%
Executive Compensation
$0
Compared with Peers
FY 2024
Compared with 3,080 similar organizations
(United States, Health Care, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
99.8% | 84.8% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
0.2% | 11.6% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 102.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.3 mo | 9.9 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 13.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
101.6% | 91.1% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
23.1% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
29.0% | 7.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.5% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.9M | $1.8M | $355K | 99.8% | 1 |
| 2023 | $1.5M | $1.4M | $288K | 99.5% | 1 |
| 2022 | $511K | $458K | $166K | 98.7% | 1 |
| 2021 | $715K | $340K | N/A | — | 1 |
| 2020 | $342K | $309K | N/A | — | 0 |
Donor Reviews
Write a ReviewNo reviews yet
Be the first to share your experience with this organization.