Community Thrift Shop

Analysis

Community Thrift Shop is a registered charity in United States, based in Midland Park, NJ. It received its IRS tax-exemption ruling in August 1949, 77 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 June 2024, Community Thrift Shop reported income of $291k and spending of $271k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $180k to $291k (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 27%. 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, Community Thrift Shop sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Soky Patriots ($291k), Action Resources Inc ($291k) and Options for Women ($291k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $89k. At year end it held assets of $278k against liabilities of $117k, net assets of $161k. It reported 9 employees.