Circle of Friends Mission Thrift Shoppe

Analysis

Circle of Friends Mission Thrift Shoppe is a registered charity in United States, based in Elkhorn, WI. It received its IRS tax-exemption ruling in February 2015, 11 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, Circle of Friends Mission Thrift Shoppe reported income of $562k and spending of $568k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $628k to $562k (-10%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 367%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Circle of Friends Mission Thrift Shoppe 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 72nd percentile within WI. Charities of a similar size with the same main cause include Laurel Highlands Workforce and Opportunity Center ($562k), Habibi Terrace Inc ($563k) and 99 Balloons Inc ($562k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $190k. At year end it held assets of $406k against liabilities of $49k, net assets of $357k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.