Cuddlybear Thrift Store Inc

Analysis

Cuddlybear Thrift Store Inc is a registered charity in United States, based in Fortuna, CA. It received its IRS tax-exemption ruling in April 2007, 19 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, Cuddlybear Thrift Store Inc reported income of $53k and spending of $50k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $53k (+3.9%), an average of +3.9% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cuddlybear Thrift Store Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Aspen Elks Youth and Veterans Fund ($53k), PRC Foundation Inc ($53k) and Vic Geary Drop in Center ($53k).

At year end it held assets of $14k against liabilities of $7,923, net assets of $5,915.