Thrift Shop of Boston Inc

Analysis

Thrift Shop of Boston Inc is a registered charity in United States, based in Roslindale, MA. It received its IRS tax-exemption ruling in January 1941, 85 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 March 2023, Thrift Shop of Boston Inc reported income of $555k and spending of $337k, leaving 39% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $472k to $555k (+17%), an average of +5.5% a year. The sharpest change came in the year to March 2022, when income rose by 52%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrift Shop of Boston Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Inclusive Services Inc ($555k), Middletown Day Nursery Association ($555k) and Paepae O Heeia ($555k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $68k (20% of expenses). Other salaries and wages came to $108k. At year end it held assets of $533k against liabilities of $3,303, net assets of $529k. It reported 13 employees.