Forget-Me-Not Thrift Store

Analysis

Forget-Me-Not Thrift Store is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Forget-Me-Not Thrift Store reported income of $152k and spending of $151k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $124k to $152k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Forget-Me-Not Thrift Store sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Ardis Rhinehart Kremer Home of the United Church of Christ ($152k), Life Saver Ministries Inc ($152k) and Advisers Give Back Inc ($152k).

At year end it held assets of $88k against liabilities of $0, net assets of $88k.