Closeknit
Public records raise at least one point you should look into before giving.
What it says it does
PREVENTING YOUTH HOMELESSNESS.
- Income
- $183,203
- Spending
- $185,357
- Spent on programs
- 66%
- Reserves
- 4.7 months of spending
- Largest source of income
- donations and private grants, 88%
- Employees
- 2
- Volunteers
- 5
- Highest pay
- $84,157, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 53 out of 100.
Reserves
20 of 35Spendable reserves would cover 4.7 months of spending.
Debt
10 of 20It owes 31% of what it owns.
Living within its means
8 of 15Spending exceeded income by 1% of income.
Income trend
0 of 15Income fell 28% on the year before.
Spending floor
15 of 1566% of spending went to programs and raising each dollar of donations cost 4 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100.
Independent board
25 of 255 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $84,642 spent. CHOSEN JUSTICE PROGRAM: OUR CHOSEN FAMILY JUSTICE INITIATIVE ENGAGES YOUTH FACING HOMELESSNESS, ADULT HOSTS, DIRECT SERVICE PROVIDERS, PROPERTY OWNERS, AND GOVERNMENT AGENCIES TO RAISE AWARENESS, CREATE LEGAL RESOURCES, AND POLICY PROPOSALS TO SUPPORT HOSTS WHO ARE INFORMALLY HOSTING YOUTH.
- $37,322 spent. CIRCLE MAP PROJECT: CLOSEKNIT FOCUSES ON THE WELLBEING AND SAFETY OF YOUTH WHO EXPERIENCE HOMELESSNESS. RECOGNIZING THAT TO BEST SERVE YOUTH FACING HOMELESSNESS, YOUNG PEOPLES VOICES AND EXPERIENCES NEED TO BE HEARD, CLOSEKNIT WORKS TO SHIFT THE CONVERSATION ON YOUTH HOMELESSNESS BY INVESTING IN CONNECTIONS BETWEEN YOUTH AND THEIR NATURAL SUPPORTS ALONG WITH RESEARCHING, TRAINING, AND ADVOCATING FOR PRACTICES THAT SUPPORT THE NEEDS OF HOMELESS YOUTH. OUR APPROACH HELPS YOUTH HONOR THEIR DEEP NEED FOR CONNECTION AND BELONGING, REPAIR RELATIONSHIPS, AND BUILD THEIR OWN NETWORKS OF SUPPORT. THE CIRCLE MAP IS OUR STARTING POINT A TOOL USED BY CLOSEKNIT TO HELP YOUTH IDENTIFY POSSIBLE INFORMAL HOSTING ARRANGEMENTS FROM WITHIN THEIR ALREADY EXISTING NETWORK OF ADULTS. CONTINUED IN SCHEDULE O.
- CIRCLE MAP PROJECT:EXPANDED OUR CIRCLE MAPPING FRAMEWORK INTO A COMPREHENSIVE 10-MODULE SERIES. FINALIZED A COMPREHENSIVE STRATEGIC ROADMAP TO GUIDE CLOSEKNITS GROWTH, POLICY AGENDA, EVALUATION STRATEGY, AND REPLICATION APPROACH THROUGH 2029. EQUIPPED SERVICE PROVIDERS, POLICYMAKERS, AND RESEARCHERS WITH TOOLS TO REPLICATE CHOSEN FAMILY INTERVENTIONS ROOTED IN CLOSEKNITS PUBLISHED RESEARCH. DEVELOPED A PRACTICAL BRIEF INTERVENTION MODEL BASED ON CLOSEKNITS 2023 PUBLICATION, NOW BEING PREPARED FOR PILOT IMPLEMENTATION.PRESENTED FINDINGS AND FRAMEWORKS AT TWO STATEWIDE CONFERENCES, POSITIONING CLOSEKNIT AS A LEADING VOICE IN UPSTREAM INTERVENTIONS.ELEVATED CLOSEKNITS VOICE AT THE STATE LEVEL THROUGH TWO FORMAL APPOINTMENTS: LEGISLATIVE CO-LEAD FOR HOMES FOR ALL MINNESOTA.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
Not on the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.