4th Street Basement Boutique

Analysis

4th Street Basement Boutique is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 4th Street Basement Boutique reported income of $194k and spending of $173k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $154k to $194k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 4th Street Basement Boutique sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within OH. Charities of a similar size with the same main cause include North East Seattle Together ($194k), Ride for Joy Therapeutic Ridingprogram Inc ($194k) and Fostering the Family ($194k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% of the total. Compensation of current officers, directors and key employees was $10k (6.0% of expenses). Other salaries and wages came to $70k. At year end it held assets of $131k against liabilities of $8,605, net assets of $123k.