Thrift Angels

Analysis

Thrift Angels is a registered charity in United States, based in Bowie, TX. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Thrift Angels reported income of $166k and spending of $133k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $166k (+7.0%), an average of +7.0% a year. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Thrift Angels sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Urban Corps Inc ($166k), Centralia Downtown Association ($166k) and Midtown Greenway Coalition ($166k).

At year end it held assets of $69k against liabilities of $0, net assets of $69k.