Housing Works Thrift Shop Inc

Analysis

Housing Works Thrift Shop Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1992, 34 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 June 2023, Housing Works Thrift Shop Inc reported income of $15.8m and spending of $13.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $16.1m to $15.8m (-2.0%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Housing Works Thrift Shop Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include West Central Community Action ($15.8m), North-Central West Virginia Community Action Association Inc ($15.8m) and Aldea Inc ($15.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $27.7m against liabilities of $12.0m, net assets of $15.6m.