Valley Thrift Store Inc

Analysis

Valley Thrift Store Inc is a registered charity in United States, based in North Grafton, MA. It received its IRS tax-exemption ruling in August 2008, 18 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, Valley Thrift Store Inc reported income of $286k and spending of $254k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $286k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Valley Thrift Store Inc 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 63rd percentile within MA. Charities of a similar size with the same main cause include Wyoming Foundation for Cancer Care ($286k), Tipton County Commission on Aging ($286k) and Beacon Child Development Center ($286k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $71k. At year end it held assets of $219k against liabilities of $46k, net assets of $174k. It reported 3 employees.