Independent Thrift Shop

Analysis

Independent Thrift Shop is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in January 1995, 31 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, Independent Thrift Shop reported income of $70k and spending of $75k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $70k (+4.7%), an average of +4.7% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independent Thrift Shop sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include Cupboard of Kindness Inc ($70k), Transitional Services Dymphna Project Inc ($70k) and BSA Teammate Assistance Fund ($70k).

At year end it held assets of $24k against liabilities of $0, net assets of $24k.