Employment
(J22)
IRS Verified
DX Registered
990 on File
COREYS CLOSET
Financial strength (30%)
67/100
Reliability (20%)
45/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$1.1M
Total Revenue
$1.0M
Total Expenses
$239K
Net Assets
54
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
95.3%
Fundraising Efficiency
N/A
Operating Reserve
2.80x
Liability-to-Asset
0.3%
Revenue Diversification
100.2%
Executive Compensation
$65K
Compared with Peers
FY 2025
Compared with 483 similar organizations
(United States, Employment, $1M–$10M in expenses), FY 2025.
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
|
95.3% | 85.5% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.7% | 13.1% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.8 mo | 11.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.3% | 12.9% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.2% | 92.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
20.7% | 4.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
18.3% | 6.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
3.6% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $1.1M | $1.0M | $239K | 95.3% | 54 |
| 2024 | $883K | $867K | $201K | 94.6% | 30 |
| 2023 | $724K | $569K | $185K | 100.0% | 32 |
| 2022 | $452K | $457K | $30K | 100.0% | 29 |
| 2021 | $295K | $282K | N/A | — | 20 |
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