Hope's Closet

Tax-deductible

Cincinnati, OH501(c)(3)Since 2017Human ServicesEIN 47-3922125Revenue $538K in FY2025

On file with the IRShopesclosetohio.org9850 Princeton Glendale Road Suite, 45246-1034 · Cincinnati, OHTax-exempt since Dec 2015Publicly supported — 509(a)(2)

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Hope's Closet is a foster care support organization that provides critical services through clothing boutique, training classes, support groups, family events, and recruitment of foster parents

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Run by 1,385 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $14K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$58K
to officers and key staff · 11% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $19K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$13K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$538K
+2% vs prior year
Spent
$526K
To programs
67%
Net assets
$363K
By yearFY2021–FY2025
Revenue
$538K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$381K
FY2022$482K
FY2023$474K
FY2024$529K
FY2025$538K
Expenses
$526K
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2021$369K
FY2022$434K
FY2023$470K
FY2024$535K
FY2025$526K
Net assets
$363K
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$258K
FY2022$305K
FY2023$357K
FY2024$351K
FY2025$363K

From the FY2025 Form 990 (year ending August 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $352K Management & general 30% · $159K Fundraising 3% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $58K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$57,808Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Secret
$0Pt VII · Sec A
Board Treasu
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ryan Craig’s $58K as Executive Di is at the 46th percentile of top reported officer pay among 2168 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Mark Phair—$71,624$39,451$36,534—
Jami Clarke————$59,882
Ryan Craig$57,808————
Judy Nelson———$16,365—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hope's Closet executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides clothing, training, and support for foster families and recruits new foster parents.

Questions for Hope's Closet

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Provided by the organization

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1 program · $352K · in their own filed words · FY2024
01

To provide clothing and other resources to foster and kinship children as well as critical support services for the recruitment and retention of foster parents

$352Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$538K
Ln 12
Gifts and grantsLn 1h$429K
Other incomeLn 4–11$103K
Investment incomeLn 3$6K
Money outPt IX
$526K
Ln 25
Programscol B$352K
Managementcol C$159K
Fundraisingcol D$15K
Owns and owesPt X
$363K
net assets · Ln 32
Cash and savingsLn 1–2$343K
Total assetsLn 16$376K
LiabilitiesLn 26$13K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$429K
Government grantsLn 1e$222K
Investment incomeLn 3$6K
Other incomeLn 4–11$103K
Total revenueLn 12$538K
Assets in detailPt X, end of year
CashLn 1$755
SavingsLn 2$342K
Cash and savings togetherLn 1–2$343K
Other assetsLn 15$7K
Total assetsLn 16$376K
LiabilitiesLn 26$13K
Net assetsLn 32$363K
OperationsPt I, VI
EmployeesI 56
VolunteersI 61,385
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$321K$343K
Total assetsLn 16$359K$376K
LiabilitiesLn 26$8K$13K
Net assetsLn 32$351K$363K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$205K$119K$73K$13K
Payroll taxesLn 10$16K$8K$8K$1K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$9K$7K$2K
Information technologyLn 14$12K$12K
OccupancyLn 16$150K$120K$30K
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$97K$93K$4K
All other expensesLn 24e$859$859
Total functional expensesLn 25$526K$352K$159K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $538K$526K$12K$363K 990 PDF
FY2024 $529K$535K−$6K$351K 990 PDF
FY2023 $474K$470K$4K$357K 990 PDF
FY2022 $482K$434K$47K$305K 990 PDF
FY2021 $381K$369K$13K$258K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $538,161 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $434,073$428,577
I-9 Program service revenue$0
I-10 Investment incomePrior year $7,699$6,326
I-11 Other revenuePrior year $87,593$103,258
I-12 Total revenuePrior year $529,365$538,161
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $226,698$221,243
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $308,526$304,589
I-18 Total expensesPrior year $535,224$525,832
I-19 Revenue less expensesPrior year −$5,859$12,329
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $538,161 across 7 lines filed
VIII-1e Government grants$221,624
VIII-1f All other contributions, gifts and grants$206,953
VIII-1h Total contributions, gifts and grants$428,577
VIII-3 Investment incomeExcluded from tax $6,326$6,326
VIII-8 Net income from fundraising events$92,183
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,075$11,075
VIII-12 Total revenueRelated to mission $11,075 · Excluded from tax $6,326$538,161
Part IX · Statement of functional expenses $525,832 across 12 lines filed
IX-7 Other salaries and wagesPrograms $118,501 · Management $72,799 · Fundraising $13,447$204,747
IX-10 Payroll taxesPrograms $7,643 · Management $7,783 · Fundraising $1,070$16,496
IX-11c Accounting feesManagement $6,100$6,100
IX-11g Other fees for servicesManagement $3,553$3,553
IX-12 Advertising and promotionManagement $9,565$9,565
IX-13 Office expensesPrograms $7,321 · Management $1,830$9,151
IX-14 Information technologyManagement $12,042$12,042
IX-16 OccupancyPrograms $119,692 · Management $29,923$149,615
IX-19 Conferences, conventions and meetingsPrograms $6,232$6,232
IX-23 InsuranceManagement $10,800$10,800
IX-24 Other expenses (24a–d)Programs $92,922 · Management $3,750$96,672
IX-24e All other expensesManagement $859$859
IX-25 Total functional expensesPrograms $352,311 · Management $159,004 · Fundraising $14,517$525,832
Part X · Balance sheet $375,640 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $658$755
X-2 Savings and temporary cash investmentsStart of year $320,366$342,308
X-4 Accounts receivableStart of year $31,223$25,741
X-15 Other assetsStart of year $6,836$6,836
X-16 Total assetsStart of year $359,083$375,640
X-17 Accounts payable and accrued expensesStart of year $8,357$12,585
X-26 Total liabilitiesStart of year $8,357$12,585
X-27 Net assets without donor restrictionsStart of year $323,183$350,204
X-28 Net assets with donor restrictionsStart of year $27,543$12,851
X-32 Total net assets or fund balancesStart of year $350,726$363,055
X-33 Total liabilities and net assetsStart of year $359,083$375,640
Part XI · Reconciliation of net assets $363,055 net assets at year end
XI-1 Total revenue$538,161
XI-2 Total expenses$525,832
XI-3 Revenue less expenses$12,329
XI-4 Net assets at start of year$350,726
XI-10 Net assets at end of year$363,055

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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