The Thrift Shop

Analysis

The Thrift Shop is a registered charity in United States, based in Ft Leonard WD, MO. It received its IRS tax-exemption ruling in January 1966, 60 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, The Thrift Shop reported income of $238k and spending of $248k, spending 104% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $203k to $238k (+17%), an average of +4.1% a year. The sharpest change came in the year to May 2022, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Thrift Shop sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within MO. Charities of a similar size with the same main cause include Quilters Guild of Dallas Inc ($238k), Taiko Community Alliance ($238k) and Mariachi Festival ($238k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Other salaries and wages came to $100k. At year end it held assets of $99k against liabilities of $2,768, net assets of $96k. It reported 8 employees.