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Filing year 2023

CLOSEKNIT

Minneapolis, Minnesota·EIN 47-4977811·3
Total revenue
$254k
Total assets
$76k
Total expenses
$248k
Reported officers
10
Mission

PREVENTING YOUTH HOMELESSNESS.

Executive compensation

Form 990 · Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Deputy Director
Director (Operational)
25th percentile to median
$73k
$80k
Operations
Officer (Unspecified)
$57k
$62k
Executive Director
10th to 25th percentile
$26k
$28k
Operations
Officer (Unspecified)
$17k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Down 17%
from 2022

From $88k in 2022 to $73k in 2023.

$88k
2022
$73k
2023
In today's dollarsEst.
Down 19% in real terms$99k to $80k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 70% from 2022 to 2023, while revenue fell 9%.

$88k in 2022 to $26k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CLOSEKNIT reported revenue and expenses across 2 filing years.

RevenueExpenses
$278k
$334k
2022
$254k
$248k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about CLOSEKNIT

What does the Director (Operational) of CLOSEKNIT earn?

In 2023, the Director (Operational) of CLOSEKNIT received $73,062 in total compensation. This pay is below the median (the midpoint) for Director (Operational) roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Director (Operational) pay at CLOSEKNIT compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Director (Operational) at CLOSEKNIT falls between the 25th percentile and the median.

What are CLOSEKNIT's revenue and expenses?

In 2023, CLOSEKNIT reported $254k in total revenue and $248k in total expenses on its IRS Form 990.

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