Community Thrift Shop Inc

Analysis

Community Thrift Shop Inc is a registered charity in United States, based in Huntington, NY. It received its IRS tax-exemption ruling in May 1967, 59 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Thrift Shop Inc reported income of $306k and spending of $283k, spending 92% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $312k to $306k (-2.0%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Thrift Shop Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Carrying Hope ($306k), Oxford Senior Center Inc ($306k) and Community Care Council Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $60k. At year end it held assets of $320k against liabilities of $266k, net assets of $54k. It reported 5 employees.