990 Scout/ Hope's Closet/ Financials

Financial Information for Hope's Closet

Hope's Closet's annual revenue was $538K in tax year 2024, reported on their IRS Form 990. They spent $526K in total expenses. 67% went to programs and services.

Financial Breakdown

What is Hope's Closet's total annual expenses?

Hope's Closet spent $526K in tax year 2024, according to their IRS Form 990 filing.

How much of Hope's Closet's budget goes to programs?

Hope's Closet spent $352K (67% of expenses) on programs and services in tax year 2024.

How much does Hope's Closet spend on overhead?

Hope's Closet's overhead in tax year 2024 includes administrative (30%) and fundraising (3%) of their expenses.

What is Hope's Closet's net worth?

Hope's Closet had net assets of $363K as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.