Thrift Shop Association of Monroe

Analysis

Thrift Shop Association of Monroe is a registered charity in United States, based in Monroe, MI. It received its IRS tax-exemption ruling in March 1954, 72 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 July 2024, Thrift Shop Association of Monroe reported income of $94k and spending of $68k, leaving 27% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income grew from $83k to $94k (+13%), an average of +13% a year. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Thrift Shop Association of Monroe sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include Milton Community Action Group ($94k), Friends of Tulare County ($94k) and Faith in Action Washburn County ($94k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $415k against liabilities of $0, net assets of $415k.