Thrift Hut Inc

Analysis

Thrift Hut Inc is a registered charity in United States, based in Deerfield BCH, FL. It received its IRS tax-exemption ruling in June 2014, 12 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, Thrift Hut Inc reported income of $111k and spending of $115k, spending 103% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $82k to $111k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrift Hut Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within FL. Charities of a similar size with the same main cause include Kawangware Childrens Center ($111k), Miu Educational Foundation ($111k) and Apopka Pregnancy Care Center Inc ($111k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $944 against liabilities of $944, net assets of $0.