Shalom Thrift Shop Inc

Analysis

Shalom Thrift Shop Inc is a registered charity in United States, based in Cambridge, MN. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Shalom Thrift Shop Inc reported income of $1.0m and spending of $842k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $624k to $1.0m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Shalom Thrift Shop Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MN. Charities of a similar size with the same main cause include Northern Christian Radio Inc ($1.0m), National Taiwan University Medical College Alumni Foundation ($1.0m) and Beatrice Retirement Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $378k, net assets of $1.2m.