Republic of Thrift

Analysis

Republic of Thrift is a registered charity in United States, based in Sonoma, CA. It received its IRS tax-exemption ruling in January 2015, 11 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2023, Republic of Thrift reported income of $363k and spending of $388k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $292k to $363k (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Republic of Thrift 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 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Clarke County Historical Association Inc ($363k), Mountain Alliance Inc ($363k) and Central Hardin County Fire Department Inc ($363k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% of the total. Other salaries and wages came to $197k. At year end it held assets of $106k against liabilities of $4,521, net assets of $102k. It reported 14 employees.