Park Avenue Thrift Inc

Analysis

Park Avenue Thrift Inc is a registered charity in United States, based in Enid, OK. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Park Avenue Thrift Inc reported income of $2.0m and spending of $1.8m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 19%. 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, Park Avenue Thrift Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OK. Charities of a similar size with the same main cause include Fundacion Hermanos de LA Calle Inc ($2.0m), Chaddock Childrens Foundation ($2.0m) and Senior Citizens of Kodiak ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $79k (4.4% of expenses). Other salaries and wages came to $788k. At year end it held assets of $1.9m against liabilities of $101k, net assets of $1.8m. It reported 59 employees.