Thrift Mart of New Milford Inc

Analysis

Thrift Mart of New Milford Inc is a registered charity in United States, based in New Milford, CT. It received its IRS tax-exemption ruling in August 1991, 35 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 December 2023, Thrift Mart of New Milford Inc reported income of $188k and spending of $191k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $184k to $188k (+2.3%), an average of +2.3% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrift Mart of New Milford Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Ultimate Escape ($188k), Campo ($188k) and Turner 12 Inc ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. At year end it held assets of $152k against liabilities of $1,171, net assets of $151k.