Thrift Shop Association of Ann Arbor

Analysis

Thrift Shop Association of Ann Arbor is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 1945, 81 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 Ann Arbor reported income of $723k and spending of $751k, spending 104% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $438k to $723k (+65%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 42%. 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, Thrift Shop Association of Ann Arbor sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Hope Womens Shelter Inc ($723k), A Longer Table Inc ($723k) and Our Peaceful Living Inc ($723k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 31% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.