Posey County Thrift Shop Inc

Analysis

Posey County Thrift Shop Inc is a registered charity in United States, based in Mount Vernon, IN. It received its IRS tax-exemption ruling in November 1970, 56 years ago. 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, Posey County Thrift Shop Inc reported income of $259k and spending of $268k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $259k (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Posey County Thrift Shop Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IN. Charities of a similar size with the same main cause include Greater Newark Holiday Fund Inc ($259k), Twigs of Childrens Hospital ($259k) and Louisiana Association of the Deaf ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.2% and program service revenue 95% of the total. Other salaries and wages came to $206k. At year end it held assets of $294k against liabilities of $9,375, net assets of $284k. It reported 9 employees.