New 2 You Family Thrift Inc

Analysis

New 2 You Family Thrift Inc is a registered charity in United States, based in North Mankato, MN. It received its IRS tax-exemption ruling in May 2011, 15 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, New 2 You Family Thrift Inc reported income of $374k and spending of $376k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $227k to $374k (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New 2 You Family Thrift Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include American Society of Sugar Beet Technologists Inc ($374k), By Grace Trust ($374k) and Proyecto Desarrollo Humano ($374k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $95k. At year end it held assets of $84k against liabilities of $5,190, net assets of $79k. It reported 11 employees.