Overview
What is Clothes To Kids Of Denver Inc?
Clothes To Kids Of Denver Inc is a nonprofit organization situated in Denver, Colorado, specifically at 2890 South Colorado Boulevard M3. Their primary objective is to offer free, high-quality clothing to students from economically disadvantaged or crisis-stricken families in the Denver Metro Area. Since its establishment in 2008, the organization has provided over 91,500 wardrobes, comprising essential items, to eligible students. To be eligible, students must reside in Metro Denver, attend grades preschool through 12 or seek a GED (aged 21 or younger), and meet certain criteria such as experiencing financial hardship, displacement, or receiving assistance from specific organizations. The organization's mission is rooted in the belief that when students feel comfortable and confident in their attire, they can better focus on their studies and fit in with their peers. As of 2022, the organization distributed 10,974 wardrobes and 31,111 pounds of extra items, serving a significant portion of the 207,000 students in the area who qualify for free or reduced-price lunches. The organization's workforce comprises 7 dedicated individuals.
Official website here: www.clothestokidsdenver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Clothes To Kids Of Denver Inc has received a positive rating of 86% from Charity Navigator, highlighting its strong accountability and financial practices. With an impressive Accountability & Finance Score of 97, the organization demonstrates robust financial health, including a program expense ratio of 93.16%, indicating that a significant portion of its funds directly supports its mission. The organization also excels in community engagement, reflected in its Culture & Community Score of 90, and showcases effective feedback collection and usage scores, both at 100.
Despite these strengths, the organization faces some limitations, particularly in its working capital ratio of 0.60 years, which may pose challenges in maintaining liquidity for operational needs. Additionally, while the organization has a solid foundation in equity strategies with a score of 85, the Leadership & Adaptability aspect is not currently scored, leaving some uncertainty in that area. Overall, the nonprofit presents a strong case for support, particularly through its commitment to serving the community and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Clothes To Kids Of Denver Inc legitimate?
Clothes To Kids Of Denver Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clothes To Kids Of Denver Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $77,385
Professional Fundraising Fees: $0
Other Salaries and Wages: $228,673
For more financial information, click here
Official website here: www.clothestokidsdenver.org
What is the mission statement of Clothes To Kids Of Denver Inc?
Clothes To Kids Of Denver Inc's mission is centered around providing new and quality used clothing, free of charge, to students from economically disadvantaged or crisis-stricken families in their local area. The organization's primary goal is to support students in the grades preschool to 12, or those pursuing a GED, who are facing challenges such as poverty, job loss, homelessness, or displacement. Additionally, it extends its services to refugees and asylum seekers, as well as those eligible for Free or Reduced Lunch (FRL) at school. By offering appropriate school clothing and essentials, Clothes To Kids of Denver aims to help students feel comfortable and confident, enabling them to focus better on their studies and fit in with their peers. Since its inception in 2008, the organization has provided over 91,500 wardrobes to eligible students in the Denver Metro Area.
Official website here: www.clothestokidsdenver.org
Who is the CEO of Clothes To Kids Of Denver Inc?
Nikolas Stoffel is the Principal Officer of Clothes To Kids Of Denver Inc.
Official website here: www.clothestokidsdenver.org
What is the revenue of Clothes To Kids Of Denver Inc?
Clothes To Kids Of Denver Inc's revenue in 2022 was $1,739,175.
Official website here: www.clothestokidsdenver.org
Who are the executives of Clothes To Kids Of Denver Inc and what are their salaries?
The average compensation at Clothes To Kids Of Denver Inc during 2022 was $43,723. There are 7 employees and 531 volunteers at Clothes To Kids Of Denver Inc.
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Official website here: www.clothestokidsdenver.org
Where can I find the form 990 for Clothes To Kids Of Denver Inc?
Clothes To Kids Of Denver Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clothestokidsdenver.org
Learn more at the official website: www.clothestokidsdenver.org
Mission Statement of Clothes To Kids Of Denver Inc
Clothes To Kids Of Denver Inc, a nonprofit organization, is dedicated to providing new and high-quality used clothing to students from financially disadvantaged or crisis-stricken families residing in the Denver Metro Area. Its mission is to offer these essential items free of charge, aiming to boost the confidence and comfort of these students in their educational surroundings.
The organization's primary objective is to cater to the clothing needs of students from preschool to high school, as well as those pursuing a GED, who fall under specific criteria. These criteria include families in crisis or experiencing economic hardship due to various reasons such as COVID-19, job loss, natural disasters, poverty, homelessness, or displacement. Additionally, the organization serves refugees and asylum seekers, students eligible for Free or Reduced Lunch (FRL), children in kinship or foster care, and those receiving services from schools, human service agencies, shelters, hospitals, clinics, or places of worship.
By offering free clothing, Clothes To Kids Of Denver Inc aims to alleviate the burden of purchasing essential school attire for these families, allowing them to direct their resources towards other essential needs. The organization's mission is to ensure that students in need do not miss out on appropriate clothing, which can significantly impact their self-esteem and ability to integrate with their peers, ultimately enabling them to focus better on their studies.
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Impact
October, 2024
Clothes To Kids Of Denver Inc. has a significant impact on the lives of students from low-income or in-crisis families in the Denver Metro Area. By providing new and quality used clothing at no cost, the organization directly addresses a critical need for students who might otherwise lack appropriate apparel for school. In 2022 alone, 10,974 wardrobes were distributed, equating to 31,111 pounds of clothing, with 92% of recipients selecting a complete set of essential items.
Since its founding in 2008, the organization has provided 91,500 wardrobes to those in need, helping to transform the educational experience for many children. To qualify for assistance, students must meet specific criteria, ensuring that support reaches those most vulnerable, including families facing crises, refugees, or those eligible for Free or Reduced Lunch.
The positive implications of their work extend beyond mere clothing provision; by ensuring that students feel comfortable and confident in their attire, Clothes To Kids Of Denver enables them to focus better on their studies and integrate more fully with their peers. In a region where over 207,000 students qualify for free or reduced lunch, the organization's contributions are essential. Without this service, thousands of children would be deprived of the basic necessities for their education and social engagement.
This information is meant to be a general summary of Clothes To Kids Of Denver Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,845
- Gross Receipts: $1,785,956
Assets and Liabilities:
- Total Assets: $1,145,727
- Total Liabilities: $156,608
- Net Assets: $989,119
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Organization Details
Founding Year
2008
Phone
(720) 379-4630Principal Officer
Nikolas Stoffel
Main Address
2890 SOUTH COLORADO BOULEVARD M3, DENVER, CO, 80222
Website
www.clothestokidsdenver.orgNTEE Category
Code: P58 - Human services
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