Abc Thrift Shop Inc

Analysis

Abc Thrift Shop Inc is a registered charity in United States, based in Washburn, WI. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Abc Thrift Shop Inc reported income of $75k and spending of $71k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $75k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Abc Thrift Shop Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within WI. Charities of a similar size with the same main cause include Drake Community Development Incorporated ($75k), Perry County Council on Aging Inc ($75k) and My Friends House ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 3.1% of the total. At year end it held assets of $37k against liabilities of $0, net assets of $37k.