Fort Myer Thrift Shop

Analysis

Fort Myer Thrift Shop is a registered charity in United States, based in Fort Myer, VA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fort Myer Thrift Shop reported income of $422k and spending of $427k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $223k to $422k (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 203%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fort Myer Thrift Shop sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Cocoa360 Fund ($422k), Greenpath International Inc ($422k) and LA Luz Organization ($422k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $40k (9.5% of expenses). Other salaries and wages came to $81k. At year end it held assets of $89k against liabilities of $8,444, net assets of $81k. It reported 10 employees.