Volunteers for a I M Thrift Shop Inc

Analysis

Volunteers for a I M Thrift Shop Inc is a registered charity in United States, based in Wellfleet, MA. It received its IRS tax-exemption ruling in October 1978, 48 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 April 2024, Volunteers for a I M Thrift Shop Inc reported income of $197k and spending of $175k, spending 89% of its income. Across the 2 years on record, from April 2023 to April 2024, income grew from $174k to $197k (+13%), an average of +14% a year. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteers for a I M Thrift Shop Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Greater Lafayette Family Shelter Inc ($197k), Lighthouse Recovery Services Inc ($197k) and Samaritans of Pauls Valley ($197k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.