Liabilities / Assets
85th percentile
Higher debt load relative to assets than 85% of similar nonprofits.
The Clothes Closet
EIN 47-1546359 • 501(c)3 • Lake Havasu City, AZ
Profile
Collection and distribution of donated clothes and accessories to those in need.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.27x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
12th percentile
Higher net margin than 12% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
67th percentile
Faster asset growth than 67% of similar nonprofits.
Revenue Growth
22nd percentile
Faster revenue growth than 22% of similar nonprofits.
Balance Sheet
Assets
Up$458,709
Up $37,248 (+8.8%) from 2023
Liabilities
Up$125,889
Up $122,918 (+4137%) from 2023
Net Assets
Down$332,820
Down $85,670 (-20%) from 2023
Revenue
Down$129,597
Down $89,270 (-41%) from 2023
Expenses
Up$213,527
Up $111,284 (+109%) from 2023
Net Income
Down-$83,930
Down $200,554 (-172%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $458,709
- Liabilities
- $125,889
- Net assets
- $332,820
- Revenue
- $129,597
- Expenses
- $213,527
- Net income
- -$83,930
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 17, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $150,164
Mission and Program Overview
Mission
Collect and distribute clothes to needy
Distribution of donated clothing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| COLLECTION AND DISTRIBUTION OF DONATED CLOTHESAND ACCESSORIES TO THOSE IN NEED. PROVIDE NECESSARY FACILITIES TO HOMELESS FOR HYGENIC CARE, SHOWERS AND LAUNDRY OF CLOTHES | - | $103,589 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHRISTINE WATSON | President | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Hero Event | $23,529 | $23,529 | $9,645 | $13,884 |
| Hope Golf Ev | $17,595 | $17,595 | $8,478 | $9,117 |
| Total Events | $41,124 | $41,124 | $18,123 | $23,001 |
Filing and Contact Details
Filer
- Filer Name
- The Clothes Closet Inc
- EIN
- 47-1546359
- In Care Of
- % c WATSON
- Phone
- 9284120451
- Address
- 1968 MESQUITE AVENUE, Lake Havasu City, AZ 86403
Signing Officer
- Name
- C Watson
- Title
- President
- Phone
- 9284866860
- Signed
- 2025-11-17
- Discuss with paid preparer
- No
Preparer
- Firm
- Carole J Coleman EA
- Address
- 1412 Mohican Dr, Lake Havasu City, AZ 86406
- Preparer
- Carole J Coleman Ea
- Phone
- 9284866860
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity LHC COMMUNITY ORG FUNDING PROGRAM Grantee PER ARPA GUIDELINES TO PUBLIC Street MCCULLOCH BLVD City, State, Zip Lake Havasu City, AZ 86405Relationship NONE Amount 103,575”
Description of other expenses Part I line 16
“Description AmountDepreciation from 4562 26,660CLIENT EXPENSES 24,990ADVERTISING AND PROMOTION 1,697DUES AND SUBSCRIPTIONS 245BUILDING SECURITY 402LIABILITY INSURANCE 2,607LICENSE AND PERMITS 658BANK SERVICE FEES 156INTEREST 17BUILDING RENOVATION 1,564SUPPLIES 4,189BUILDING FURNISHINGS SHELVING 1,847JANITORIAL 331SMALL TOOLS AND EQQPT 25TRASH 813UTILITIES 4,769LANDSCAPING 706OFFICE SUPPLIES 3,163POSTAGE AND DELIVERY 24PRINTING EXP 4,077PROFESSSIONAL FEES 61SOFTWARE EXP 450TELEPHONE AND INTERNET 1,656TRAINING 158GAS REINBURSEMENT 1,620TRAVEL 37GENERAL PURCHASES 322REPAIRS N MAINT 1,179”
Other changes in net assets or fund balances Part I line 20
“Description AmountPPA (1,740)”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearNBA CREDIT CRD 2,309 555PAYROLL LIABILITIES 662 1,634ARPA RESTRICTED FUNDS 0 123,700”
Raw XML Appendix166 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHRISTINE WATSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9284120451 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1968 MESQUITE AVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Lake Havasu City |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AZ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 86403 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 133304 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 197212 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 101281 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -83930 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 421461 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 458709 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 47883 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 103575 |
| IRS990EZ/GrossReceiptsAmt | 0 | 150164 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1000 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 288157 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 261497 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 418490 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 332820 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 418490 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 332820 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHRISTINE WATSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -1740 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 84423 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | DISTRIBUTION OF DONATED CLOTHING |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | COLLECTION AND DISTRIBUTION OF DONATED CLOTHESAND ACCESSORIES TO THOSE IN NEED. PROVIDE NECESSARY FACILITIES TO HOMELESS FOR HYGENIC CARE, SHOWERS AND LAUNDRY OF CLOTHES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 103589 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 25529 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 20567 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 27316 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2971 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 125889 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 213527 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 103589 |
| IRS990EZ/TotalRevenueAmt | 0 | 129597 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 149164 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 220077 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 100372 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 292952 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 762565 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 1000 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 1000 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 1000 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 1000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 762565 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 149164 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 220077 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 100372 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 292952 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 762565 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 150164 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 220077 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 100372 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 292952 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 763565 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | false |
| IRS990ScheduleG/EmailSolicitationsInd | 0 | X |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 18123 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | HOPE GOLF EV |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm | 0 | HERO EVENT |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 17595 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt | 0 | 23529 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 41124 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 17595 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt | 0 | 23529 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 41124 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 23001 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 18123 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 8478 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt | 0 | 9645 |
| IRS990ScheduleG/InPersonSolicitationsInd | 0 | X |
| IRS990ScheduleG/SolicitationOfGovtGrantsInd | 0 | X |
| IRS990ScheduleG/SolicitationOfNonGovtGrantsInd | 0 | X |
| IRS990ScheduleG/SpecialFundraisingEventsInd | 0 | X |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity LHC COMMUNITY ORG FUNDING PROGRAM Grantee PER ARPA GUIDELINES TO PUBLIC Street MCCULLOCH BLVD City, State, Zip Lake Havasu City, AZ 86405Relationship NONE Amount 103,575 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountDepreciation from 4562 26,660CLIENT EXPENSES 24,990ADVERTISING AND PROMOTION 1,697DUES AND SUBSCRIPTIONS 245BUILDING SECURITY 402LIABILITY INSURANCE 2,607LICENSE AND PERMITS 658BANK SERVICE FEES 156INTEREST 17BUILDING RENOVATION 1,564SUPPLIES 4,189BUILDING FURNISHINGS SHELVING 1,847JANITORIAL 331SMALL TOOLS AND EQQPT 25TRASH 813UTILITIES 4,769LANDSCAPING 706OFFICE SUPPLIES 3,163POSTAGE AND DELIVERY 24PRINTING EXP 4,077PROFESSSIONAL FEES 61SOFTWARE EXP 450TELEPHONE AND INTERNET 1,656TRAINING 158GAS REINBURSEMENT 1,620TRAVEL 37GENERAL PURCHASES 322REPAIRS N MAINT 1,179 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description AmountPPA (1,740) |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearNBA CREDIT CRD 2,309 555PAYROLL LIABILITIES 662 1,634ARPA RESTRICTED FUNDS 0 123,700 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other changes in net assets or fund balances Part I line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | false |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | C WATSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9284866860 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE CLOTHES CLOSET INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CLOT |
| ReturnHeader/Filer/EIN | 0 | 471546359 |
| ReturnHeader/Filer/InCareOfNm | 0 | % c WATSON |
| ReturnHeader/Filer/PhoneNum | 0 | 9284120451 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1968 MESQUITE AVENUE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Lake Havasu City |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AZ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 86403 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 261509810 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Carole J Coleman EA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1412 Mohican Dr |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Lake Havasu City |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | AZ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 86406 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9284866860 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-17 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CAROLE J COLEMAN EA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T17:13:50-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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