Arts, Culture & Humanities
(A20)
990 on File
LOCAL CLOTH INC
Financial strength (30%)
86/100
Reliability (20%)
50/100
Effectiveness (25%)
66/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$285K
Total Revenue
$284K
Total Expenses
$80K
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
82.4%
Fundraising Efficiency
N/A
Operating Reserve
3.39x
Liability-to-Asset
1.0%
Revenue Diversification
92.3%
Compared with Peers
FY 2024
Compared with 12,748 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
82.4% | 82.0% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
17.5% | 14.1% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
3.4 mo | 9.8 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.0% | 1.8% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.3% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
37.6% | 8.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
35.3% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
0.4% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $285K | $284K | $80K | 82.4% | 0 |
| 2023 | $207K | $210K | $79K | 84.2% | 0 |
| 2022 | $202K | $181K | N/A | — | 1 |
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