Faith Second Chance Thrift Store NFP

Analysis

Faith Second Chance Thrift Store NFP is a registered charity in United States, based in Leroy, IL. It received its IRS tax-exemption ruling in November 2018, 8 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, Faith Second Chance Thrift Store NFP reported income of $83k and spending of $84k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $83k (-11%), an average of -11% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faith Second Chance Thrift Store NFP sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Access Health Africa ($83k), Women Inspiring Women to Flourish ($83k) and Roxbury Cultural District Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $6,864 against liabilities of $1,042, net assets of $5,822.