Blues City Thrift Stores

Analysis

Blues City Thrift Stores is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in February 2010, 16 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Blues City Thrift Stores reported income of $604k and spending of $618k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $343k to $604k (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Blues City Thrift Stores sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Houston Arts Combined Endowment Foundation ($604k), Central Arizona College Foundation ($604k) and Carteret Community Theatre Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.6% of the total. Other salaries and wages came to $337k. At year end it held assets of $221k against liabilities of $66k, net assets of $155k. It reported 27 employees.