Hospital Thrift Shop Inc

Analysis

Hospital Thrift Shop Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in April 1969, 57 years ago. 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 October 2023, Hospital Thrift Shop Inc reported income of $942k and spending of $995k, spending 106% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $726k to $942k (+30%), an average of +6.7% a year. The sharpest change came in the year to October 2021, when income rose by 282%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hospital Thrift Shop Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Privacy Rights Clearinghouse ($942k), Boy Scouts of America ($942k) and Love Your Neighbor of West Michigan ($942k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $102k (10% of expenses). Other salaries and wages came to $85k. At year end it held assets of $845k against liabilities of $627k, net assets of $218k. It reported 4 employees.