Thrift Shop of Hagerstown Indiana Inc

Analysis

Thrift Shop of Hagerstown Indiana Inc is a registered charity in United States, based in Hagerstown, IN. It received its IRS tax-exemption ruling in March 2011, 15 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, Thrift Shop of Hagerstown Indiana Inc reported income of $102k and spending of $89k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $102k (+11%), an average of +11% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrift Shop of Hagerstown Indiana Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 35th percentile within IN. Charities of a similar size with the same main cause include Transitional Remedies Solutions ($102k), Japanese Americans Care Fund ($102k) and Eyes of Love Lighthouse Mission Inc ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $92k against liabilities of $1,710, net assets of $90k.