CLOTHED BY FAITH INC
Mission Statement
The mission of Clothed By Faith is to demonstrate God's love through the provision of clothing to those in need. Clothed By Faith acts as a clothing resource for individuals and families experiencing hard ship, be it homelessness, escaping domestic violence/abuse and trafficking, veterans and others. Clothed By Faith works with agency and school partners to supply a week's worth of gently used, clean, well-fitting clothes, including new socks and underwear, and shoes packed to suit the size, preferences and needs of each individual man, woman or child. While our stated mission is to provide clothing, the end result of our work is that we can offer compassion, restore dignity, bring comfort, and give people hope for a fresh start.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
83.1% | 87.1% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.5% | 9.8% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
13.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
393.6% | 11.2% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.0 mo | 8.7 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 1.1% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
80.9% | 95.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-2.6% | 5.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-0.1% | 6.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.7% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $541K | $555K | $233K | 83.1% | 12 |
| 2024 | $555K | $556K | N/A | — | 12 |
| 2023 | $590K | $645K | $259K | 81.7% | 13 |
| 2022 | $584K | $442K | $313K | 84.1% | 12 |
| 2021 | $357K | $306K | N/A | — | 7 |
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