Community Thrift Store of Portage County Inc

Analysis

Community Thrift Store of Portage County Inc is a registered charity in United States, based in Stevens Point, WI. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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, Community Thrift Store of Portage County Inc reported income of $190k and spending of $299k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $325k to $190k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 120% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Thrift Store of Portage County Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within WI. Charities of a similar size with the same main cause include Postal History Foundation Inc ($190k), Carbon County Arts Guild ($190k) and Institute of Classical Architecture and Art Inc ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 8.4% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.1m against liabilities of $475k, net assets of $629k. It reported 25 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.