Re-Use-It Thrift Shop

Analysis

Re-Use-It Thrift Shop is a registered charity in United States, based in Perham, MN. It received its IRS tax-exemption ruling in March 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, Re-Use-It Thrift Shop reported income of $577k and spending of $592k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $577k (+52%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Re-Use-It Thrift Shop sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include New Haven Gay and Lesbian Community Center Inc ($577k), Columbia County Independent Living Inc ($578k) and New Testament Church of God Little Angels Academy Inc ($577k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $303k. At year end it held assets of $850k against liabilities of $6,524, net assets of $843k. It reported 21 employees.