3 Way Thrift Store Inc

Analysis

3 Way Thrift Store Inc is a registered charity in United States, based in Chino, CA. It received its IRS tax-exemption ruling in April 1994, 32 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, 3 Way Thrift Store Inc reported income of $4.7m and spending of $4.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.7m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 3 Way Thrift Store Inc 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 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Maggies Place Inc ($4.7m), Olympic Peninsula Young Mens Christian Assn ($4.7m) and North Kitsap Fishline ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $667k. At year end it held assets of $4.7m against liabilities of $182k, net assets of $4.5m. It reported 16 employees.