Platteville Thrift Shop Inc

Analysis

Platteville Thrift Shop Inc is a registered charity in United States, based in Platteville, WI. It received its IRS tax-exemption ruling in August 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Platteville Thrift Shop Inc reported income of $484k and spending of $423k, spending 87% of its income. Across the 6 years on record, from November 2019 to December 2023, income grew from $326k to $484k (+48%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 1294%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Platteville Thrift Shop Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include United Way for Clinton County Inc ($484k), Cathedral Green Inc ($484k) and Belvedere Cove Foundation ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Other salaries and wages came to $306k. At year end it held assets of $895k against liabilities of $12k, net assets of $883k. It reported 17 employees.