Paradise Bound Thrift Shoppe

Analysis

Paradise Bound Thrift Shoppe is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in September 2009, 17 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, Paradise Bound Thrift Shoppe reported income of $560k and spending of $558k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $405k to $560k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paradise Bound Thrift Shoppe sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Seeds of Hope Ministries Inc ($560k), Alamance Elder Care Inc ($560k) and Garden of Hope Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $144k. At year end it held assets of $58k against liabilities of $331, net assets of $58k. It reported 12 employees.