Country Closet Thrift Shop Inc

Analysis

Country Closet Thrift Shop Inc is a registered charity in United States, based in Plain City, OH. It received its IRS tax-exemption ruling in October 2001, 25 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, Country Closet Thrift Shop Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $729k to $1.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Country Closet Thrift Shop Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Open Arms of Fort Pierce Inc ($1.2m), Interfaith Council of Amador ($1.2m) and Family Central Child Care Centers Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $288k. At year end it held assets of $1.2m against liabilities of $9,102, net assets of $1.2m. It reported 20 employees.