Steeple People Thrift Store

Analysis

Steeple People Thrift Store is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in April 1980, 46 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Steeple People Thrift Store reported income of $226k and spending of $243k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $234k to $226k (-3.1%), an average of -1.0% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Steeple People Thrift Store sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MN. Charities of a similar size with the same main cause include International Mothers Day Shrine Inc ($226k), Rohnert Park Soccer Club Inc ($226k) and Ibis Healthcare Foundation Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $95k. At year end it held assets of $133k against liabilities of $24k, net assets of $109k. It reported 3 employees.