Kindness Closet EIN 84-2336402

Kindness Closet

EIN  84-2336402 Public charity (501(c)(3)) Mooresville, NC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Distributes essential hygiene products to those in need across North Carolina.
Leadership
Deborah Popolizio · Board Member
Money in and out
$324K revenue, $217K expenses
Bottom line
94% program efficiency

Distributes essential hygiene products to those in need across North Carolina. For fiscal year 2024 it reported $324K in revenue, $217K in expenses, and $189K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$324K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$189K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $107K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program efficiency
94%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
110.9mo
months of highly liquid reserves at operating expense rate▲ +824% vs prior filing year
Surplus margin
+33%
revenue over expenses, this year▲ +424% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$324K
FY2024▲ +130%
Expenses
$217K
FY2024▲ +64%
Total assets
$191K
FY2024▲ +135%
Total liabilities
$2K
FY2024
Total revenue
$324K
Pt VIII · Ln 12
Total expenses
$217K
Pt IX · Ln 25
Net assets
$189K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$107K
Total assetsPt X · Ln 16$191K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $203K of program spending, described in the organization's own filed words · FY2024.
01

The kindness closet's program is committed to addressing hygiene poverty in north carolina by providing basic hygiene items such as shampoo, toilet paper, feminine products, deodorant, toothpaste and laundry detergent to the mooresville, NC community.

$203Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKindness Closet
EINHdr · item D84-2336402
Principal addressHdr · item CMooresville, NC
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFSep 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Kindness Closet executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$299K · 92%
Other revenue$25K · 8%
Contributions & grants92%$299K
Other revenue8%$25K
— government grantsLn 1e$5K
Total revenueLn 12$324K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.05 Fundraising $0.01
Program services94%$203K
Management & general5%$12K
Fundraising1%$2K
Total functional expensesLn 25$217K

Balance Sheet

Part X · end of year
CashLn 1$111K
Total assetsLn 16$191K
Total liabilitiesLn 26$2K
Total net assetsLn 32$189K
Months of cash on handcomputed6.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $111K · Operating expenses (Pt IX) $217K · Less non-cash grants $205K · Cash operating expenses/yr $12K
110.9 months
Where the money goes
Program services
Program services $203K · Total expenses $217K
94%
Management & General
Management & general $12K · Total expenses $217K
5%
Fundraising
Fundraising $2K · Total expenses $217K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $718 · Solicited contributions (3-yr avg) $177K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $299K · Total revenue $324K
92%
Government reliance
Government grants $5K · Total revenue $324K
2%
Earned-income share
Program service revenue $0 · Total revenue $324K
0%
Investment reliance
Investment income $0 · Total revenue $324K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $217K
0%
Growth & trend
Revenue growth (YoY)
This year $324K · Prior year $141K
+130%
Net-asset trend (YoY)
End of year $189K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $324K · Expenses $217K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $191K
Net-asset ratio
Net assets $189K · Total assets $191K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $191K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deborah Popolizio · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $217K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $22K · Total expenses $217K
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 5%
Fundraising cost ratio 1%
Revenue growth 130%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$324K revenue · viewing · ⤓ 990 PDF
FY2023$141K revenue · ⤓ 990 PDF
FY2022$131K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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