Ridgefield Thrift Shop Inc

Analysis

Ridgefield Thrift Shop Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in February 1950, 76 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, Ridgefield Thrift Shop Inc reported income of $1.2m and spending of $1.5m, spending 126% of what it took in. Across the 6 years on record, from April 2019 to April 2024, income grew from $894k to $1.2m (+35%), an average of +6.2% a year. The sharpest change came in the year to April 2022, when income rose by 117%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ridgefield 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 81st percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include American Warrior Association ($1.2m), Pelham Childrens Center Inc ($1.2m) and Christian Benevolent Association Foundation ($1.2m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 0.6% and program service revenue 95% of the total. At year end it held assets of $1.3m against liabilities of $5,278, net assets of $1.2m.