Nice Twice Resale Shoppe Inc

Analysis

Nice Twice Resale Shoppe Inc is a registered charity in United States, based in Grandville, MI. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Nice Twice Resale Shoppe Inc reported income of $490k and spending of $428k, spending 87% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $404k to $490k (+21%), an average of +5.0% a year. The sharpest change came in the year to March 2022, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nice Twice Resale Shoppe Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Albany Center for Economic Success Inc ($490k), St Hope Development Company ($491k) and Business Leaders for Michigan Foundation ($490k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.1m against liabilities of $7,970, net assets of $1.1m. It reported 7 employees.