Thrift Alliance

Analysis

Thrift Alliance is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in February 2007, 19 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, Thrift Alliance reported income of $3.1m and spending of $3.0m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $3.1m (+108%), an average of +20% a year. The sharpest change came in the year to June 2021, when income rose by 51%. 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, Thrift Alliance sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Alleghany Highlands YMCA ($3.1m), Boys and Girls Club of Cheyenne Wyoming Inc ($3.1m) and Beds for Kids Inc ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $163k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $829k against liabilities of $357k, net assets of $472k.