First West Thrift Store

Analysis

First West Thrift Store is a registered charity in United States, based in West Monroe, LA. It received its IRS tax-exemption ruling in November 2012, 14 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 September 2023, First West Thrift Store reported income of $2.8m and spending of $2.7m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $723k to $2.8m (+289%), an average of +40% a year. The sharpest change came in the year to September 2023, when income rose by 92%. 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, First West Thrift Store sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within LA. Charities of a similar size with the same main cause include Generations Inc ($2.8m), Daily Living Centers Inc ($2.8m) and Tol Ministries Inc ($2.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $463k. At year end it held assets of $956k against liabilities of $26k, net assets of $930k.