New Life Thrift Shop

Analysis

New Life Thrift Shop is a registered charity in United States, based in Chambersburg, PA. It received its IRS tax-exemption ruling in October 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 December 2023, New Life Thrift Shop reported income of $736k and spending of $703k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $389k to $736k (+89%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 52%. 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, New Life Thrift Shop sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within PA. Charities of a similar size with the same main cause include Newtons Attic ($736k), Sin Cera ($736k) and Equality New Mexico Foundation ($735k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $245k. At year end it held assets of $1.0m against liabilities of $443k, net assets of $561k. It reported 18 employees.