Second Life Thrift Store

Analysis

Second Life Thrift Store is a registered charity in United States, based in Avondale Est, GA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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 2022, Second Life Thrift Store reported income of $1.1m and spending of $1.2m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $1.1m (+13%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 96% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Second Life Thrift Store sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Pan African Sanctuary Alliance ($1.1m), Blue Ridge Zoological Society of Virginia Inc ($1.1m) and Global Conservation Network ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $105k (8.7% of expenses). Other salaries and wages came to $513k. At year end it held assets of $854k against liabilities of $417k, net assets of $437k. It reported 30 employees.