The Thrift Shop Association of Ypsilanti

Analysis

The Thrift Shop Association of Ypsilanti is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Thrift Shop Association of Ypsilanti reported income of $82k and spending of $61k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $82k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Thrift Shop Association of Ypsilanti sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include National Association of Crime Victim Compensation Boards ($82k), Kids Lives Matter International ($82k) and Permanency & Advocacy Support System Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% of the total. At year end it held assets of $319k against liabilities of $2,942, net assets of $316k.