Inside-Out Thrift Store Ministries Inc

Analysis

Inside-Out Thrift Store Ministries Inc is a registered charity in United States, based in Belleville, IL. It received its IRS tax-exemption ruling in February 2013, 13 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, Inside-Out Thrift Store Ministries Inc reported income of $174k and spending of $159k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $174k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Inside-Out Thrift Store Ministries Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within IL. Charities of a similar size with the same main cause include De Koning Ministries ($174k), Advanced Mila Studies Inc ($174k) and Winner Ministerial Association Inc ($174k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% of the total. Compensation of current officers, directors and key employees was $53k (34% of expenses). Other salaries and wages came to $4,074. At year end it held assets of $38k against liabilities of $0, net assets of $38k. It reported 3 employees.